Solana Achieves $400 Billion in Operations, Anticipates $1 Trillion in Five Years
Solana, a Layer-1 blockchain infrastructure, lately commemorated its fifth birthday on March 16, 2024. Bitget Wallet Enhances Security with Multi-Chain MEV Defense
To memorialize this landmark, the infrastructure emphasized its accomplishments on its sanctioned X account, encompassing over 1,300 validation hubs, nearly $1 trillion in operation volume, and a sum of over 408 billion Solana operations.
Established in 2017 by Anatoly Yakovenko, Solana (SOL) was fashioned to manage the central obstacles confronting blockchain technology. The infrastructure strives to discover a harmony between scalability, security, and decentralization.
Yakovenko’s Proof of History arrangement, paired with Proof of Stake, enhances operation processing rates. Consequently, Solana can expand while maintaining expenses low.
Since its mainnet initiation in March 2020, Solana has generated over 254 million blocks. It has subsequently evolved into a considerable participant in decentralized finance, with over $7 billion in total value secured in its protocols, according to DeFiLlama.
In the meantime, Solana’s stablecoin marketplace has attained $11 billion, down from its summit of over $12.6 billion in February 2025. Likewise, its market capitalization once peaked at $127.5 billion and presently amounts to $65 billion.
Developer curiosity in Solana has also escalated considerably. In 2024, it outperformed Ethereum as the most prevalent blockchain for new developers. According to Electric Capital’s 2024 Developer Report, Solana lured 7,625 new developers last year, accounting for 19.5% of all new entrants to the marketplace.
On March 17, CME Group intends to inaugurate Solana futures contracts, subject to regulatory authorization. These futures are fashioned to assist investors in shielding themselves from price instability, indicating Solana’s increasing acceptance as an asset in the broader cryptocurrency marketplace.
Solanas prominence is undoubtedly growing! It’s emerging in requests for a number of exchange-traded funds (ETFs). This is an obvious indication that an increasing number of individuals are acknowledging Solana and its capacity for substantial expansion in the digital currency sphere.
