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Cryptocurrency News Articles

Solana (SOL) Statistics

Apr 22, 2025 at 01:43 pm

Solana (SOL) dawned in 2024 as the leader among the pack of bulls roaring into action, taking the whole ecosystem of blockchain by storm

Solana (SOL) started 2024 in strong fashion as it continues to take the blockchain ecosystem by storm. From decentralized finance (DeFi) and non-fungible tokens (NFTs) to stablecoin transactions and developer onboarding, powerful things are happening in different sectors.

Solana Financial Highlights

Solana Monthly Returns

Solana Annual Change In Price

Solana NFT Data & Trends

Solana DApps Revenue

Solana Ecosystem Revenue Breakdown And DeFi Dominance In 2024

After FTX went bankrupt in 2022, Solana quickly recovered from a 94.2% price drop. In 2023, SOL went up 918.4%, and it went up another 85.6% in 2024, reaching a high of around US$263 in November. The price went down to US$131.45 in April 2025, showing that it bounced back and grew.

The ecosystem revenue and DApp revenue went up massively in 2024, growing more than 15x and 14x, respectively, and drove this growth. They were also at all-time highs of US$86 million and US$71 million per day, respectively. In addition, people used the network a lot, with 120 million daily active addresses and 138 million transactions.

DeFi protocols, especially meme coins, generated the greatest income, taking 83.7% of all protocol revenue out of the total of US$5.8 billion. The protocols' revenue went up to US$4.9 billion, while DEX revenue was at US$2.1 billion, and lending protocols generated around US$1.5 billion in revenue.

Solana's PoH could handle about 65,000 transactions per second, while Ether could only manage 16. This high scalability and low transaction cost allured NFT creators to Solana. Solana's NFT volume in December 2023 was around US$346 million, while Ethereum's volume dropped to about US$750 million.

The launch of meme coins through pumps led to Raydium becoming the top DEX on Solana. In November 2024, Raydium generated a gross revenue of US$32 million and bought back 5.4 million RAY tokens, which were valued at around US$28 million, to reward coin stakers. Compared to its competitor DEXs, such as Mango Markets and FTX, which generated around US$10 million to US$12 million in revenue, Raydium's performance was outstanding.

Solana had 5,170 nodes located in 46 countries and 1,400 mainnet validators, which indicated a decent level of decentralisation. Since February 2024, the network experienced a 99% uptime, with only one recorded outage of five hours during that month. Among the prominent validators counted by stake were Everstake, Galaxy, and Helius.

The post Solana Statistics And Facts (2025) appeared first on TechNewsCenter.

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