Solana Celebrates 5 Years with 400 Billion Transactions & a Fantastic Volume of 1 Trillion Dollars!

Jakarta, Pintu News – Solana (SOL), a tier-one blockchain platform, has just celebrated its fifth anniversary since the launch of its mainnet on March 16, 2020.

In the past five years, Solana has seen significant growth in many aspects, including nearly $1 trillion in trade volume and more than 400 billion transactions.

The network has also attracted huge developer interest, with the highest number of new developers recorded in 2024, surpassing Ethereum (ETH).

Developer Expansion and Adoption of Solana

Solana (SOL) has managed to attract 7,625 new developers in the last year, according to Electric Capital’s 2024 developer report. This shows that Solana is now the most popular blockchain for new developers, with 19.5% of all new developers in the market choosing to work with Solana.

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This growth is driven by Solana’s technological advantages that offer high transaction speeds and low fees, making it an attractive option for developers of decentralized applications (DApps).

Solana has generated more than 254 million blocks since its mainnet went live. The network is not only popular among developers but has also become a major force in decentralized finance (DeFi), with over $7 billion in total value locked in its protocol.

This data shows that Solana continues to grow as a robust and reliable ecosystem for various blockchain applications.

Integration with Traditional Financial Products

On March 17, CME Group announced plans to launch Solana (SOL) futures contracts, pending regulatory approval. This move not only provides a new way for investors to trade and manage Solana price risk, but also signals increased confidence from major financial institutions.

These futures contracts are expected to help protect investors from sharp price fluctuations, which often occur in the crypto market.

In addition, Solana has been included in several exchange-traded fund (ETF) applications, indicating its widening acceptance and future growth potential. This marks an important step for Solana in gaining mainstream recognition and expanding its reach in global financial markets.

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Outlook and Future Challenges

Although Solana (SOL) has decreased in price by 6.17% in the last 24 hours (3/17/25), with the current price at $127.52, the trading volume has increased by 45%. These fluctuations indicate high market activity despite the volatility.

In the past two months, Solana’s price has fluctuated from $294.33 to current levels, which has made investors cautious. However, with growing institutional support and increased developer activity, Solana’s long-term prospects remain strong.

The network continues to be a key player in the blockchain industry, with a strong DeFi ecosystem and continuous technological innovation. However, market corrections and competition will continue to shape Solana’s journey ahead.

Overall, Solana (SOL) has proven itself to be one of the most innovative and impactful blockchain platforms in the last five years.

With significant achievements and growing adoption, Solana’s future looks bright. The network is expected to continue leading the way in innovation and adoption of blockchain technology, despite facing challenges from market volatility and intense competition.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingabbar. Solana News: 400B Transactions and 1T Volume Shape Its Legacy. Accessed on March 18, 2025
• Crypto News. Solana Fifth Anniversary: 408B Solana Transactions in 2025. Accessed on March 18, 2025
• Crypto Times. Solana Marks 5 Years with 400B Transactions, 1T Volume. Accessed on March 18, 2025