Motive to belief
Strict editorial coverage that focuses on accuracy, relevance, and impartiality
Created by business specialists and meticulously reviewed
The very best requirements in reporting and publishing
Strict editorial coverage that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
A well known cryptocurrency marks its anniversary by celebrating the milestones it has achieved through the years resembling its unimaginable development that made it one of many prime digital property within the area. Within the final 5 years, Solana has attained practically $1 trillion in DEX buying and selling and processed greater than 400 billion transactions.
Associated Studying
5 Profitable Years
Since Solana was created on March 16, 2020, the crypto has grown to change into one of many prime 10 digital property at present.
In an X submit, Solana shared what it has achieved over the course of its half-a-decade existence, citing that it has facilitated over 408 billion SOL transactions, greater than 1,300 validators, and no less than $987 billion in quantity.
Pleased fifth birthday Solana fam! 🥳
408+ billion transactions.
1,300+ validators.
$987+ billion quantity.Thanks to all of the relentless founders, devs, and nCMOs across the globe who’ve made Solana what it’s at present — 5 years in, we’re simply getting began 🎊 pic.twitter.com/p89PynhjpJ
— Solana (@solana) March 16, 2025
In keeping with CoinGecko, Solana holds the sixth place in cryptocurrency by way of market capitalization. In the meantime, SOL occupies the ninth spot within the Coinbase crypto, which is predicated on relative market cap.
“Thanks to all of the relentless founders, devs, and nCMOs across the globe who’ve made Solana what it’s at present — 5 years in, we’re simply getting began,” SOL mentioned in a submit.
Solana Development By The Numbers
Analysts mentioned that Solana, a crypto born along with the pandemic, owes its development to its system which accelerates its transaction processing, permitting the digital asset to extend at a low value.
Knowledge confirmed that since its mainnet went stay in March 2020, the crypto has generated over 254 million blocks, including that Solana has change into a serious power within the decentralized finance area. In keeping with DeFiLlama, Solana has greater than $7 billion in whole worth locked in its protocols.
Alternatively, SOL’s stablecoin can be doing effectively after posting $11 billion. Though this determine is a bit decrease than the $12.6 billion recorded in February 2025.
By way of market capitalization, Solana has about over $65 billion, which is a giant drop from its peak of $127.5 billion.
As of writing, SOL is being traded at $127 per coin, which is 1.2% down within the final 24 hours.
Bouncing Again
Market observers mentioned Solana was drastically affected by the bear market in 2022 and the collapse of the crypto alternate FTX, whereby traders noticed its mark cap plummet by 96% to solely $3 billion.
Sam Bankman-Fried’s FTX purchased an estimated 58 million SOL tokens value $7.4 billion at at present’s worth. Nonetheless, in November 2022, FTX filed for chapter, resulting in a lower in SOL’s worth and hitting $8.30 per coin in December 2022.
Associated Studying
It’d face many challenges in 2022 however SOL confirmed its resiliency and made a formidable comeback in 2023, rising its market cap from $3 billion to greater than $140 billion, as of January 19, 2025.
Featured picture from Pexels, chart from TradingView