CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
NewsBTC 2025-03-18 04:30:01

Solana Marks 5-Year Journey – 400 Billion Transactions And Counting

A well-known cryptocurrency marks its anniversary by celebrating the milestones it has achieved over the years such as its incredible growth that made it one of the top digital assets in the space. In the last five years, Solana has attained nearly $1 trillion in DEX trading and processed more than 400 billion transactions. Related Reading: XRP $15 Breakout? Not A Far-Fetched Idea—Analysis Five Successful Years Since Solana was created on March 16, 2020, the crypto has grown to become one of the top 10 digital assets today. In an X post, Solana shared what it has accomplished over the course of its half-a-decade existence, citing that it has facilitated over 408 billion SOL transactions, more than 1,300 validators, and at least $987 billion in volume. Happy 5th birthday Solana fam! 🥳 408+ billion transactions. 1,300+ validators. $987+ billion volume. Thank you to all the relentless founders, devs, and nCMOs around the globe who have made Solana what it is today — 5 years in, we’re just getting started 🎊 pic.twitter.com/p89PynhjpJ — Solana (@solana) March 16, 2025 According to CoinGecko, Solana holds the 6th place in cryptocurrency in terms of market capitalization. Meanwhile, SOL occupies the 9th spot in the Coinbase crypto, which is based on relative market cap. “Thank you to all the relentless founders, devs, and nCMOs around the globe who have made Solana what it is today — 5 years in, we’re just getting started,” SOL said in a post. Solana Growth By The Numbers Analysts said that Solana, a crypto born together with the pandemic, owes its growth to its system which speeds up its transaction processing, allowing the digital asset to increase at a low cost. Data showed that since its mainnet went live in March 2020, the crypto has generated over 254 million blocks, adding that Solana has become a major force in the decentralized finance space. According to DeFiLlama, Solana has more than $7 billion in total value locked in its protocols. On the other hand, SOL’s stablecoin is also doing well after posting $11 billion. Although this figure is a bit lower than the $12.6 billion recorded in February 2025. In terms of market capitalization, Solana has about over $65 billion, which is a big drop from its peak of $127.5 billion. As of writing, SOL is being traded at $127 per coin, which is 1.2% down in the last 24 hours. Bouncing Back Market observers said Solana was greatly affected by the bear market in 2022 and the collapse of the crypto exchange FTX, wherein investors saw its mark cap plummet by 96% to only $3 billion. Sam Bankman-Fried’s FTX bought an estimated 58 million SOL tokens worth $7.4 billion at today’s value. However, in November 2022, FTX filed for bankruptcy, leading to a decrease in SOL’s price and hitting $8.30 per coin in December 2022. Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? It might face many challenges in 2022 but SOL showed its resiliency and made an impressive comeback in 2023, growing its market cap from $3 billion to more than $140 billion, as of January 19, 2025. Featured image from Pexels, chart from TradingView

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.