From the friendly assets to the US coding stock

Layer-1 Blockchain Solana has celebrated its fifth year since its main launch in 2020-to become one of the largest chains through transactions and one of the few encrypted currencies listed in the proposed US digital assets stocks.

Since the first bloc of Solana was built on March 16, 2020, the network has processed more than 408 billion transactions, and the value of nearly a trillion dollars on decentralized stock exchanges-to establish itself as one of the first-class pioneering groups in the industry.

Here are some prominent landmarks in Solana Ecosystem since it was launched by Solana Labs Anatole Yakovenko and the founder of Solana Raj Gokal to the public in 2020.

Solana was born exactly as the epidemic struck Covid-19

While Solana’s assets can be tracked to late 2017 when Yakovenko released a white paper that selects a way to save time for files called “Proof of History”, but Solana has not been launched until March 2020-where the world began to enact emergency measures against Bandermi Covid-19.

The launch of the high -cost Solana Blockchain has been assisted by Multicoin Capital, which focuses on encryption, which led to a financing round for Solana, which brought nearly $ 20 million of special symbolic sales in July 2019.

An additional financing was poured shortly after, and within 20 months of launch, Solana was welcomed as the potential “ETHEREUM killer” as it is Rise To 77.8 billion dollars on the market at the peak of the bull cycle 2020-2021.

Solana strongly struck in 2022 from the bear market, FTX collapsed – but she wore again

The bear market 2022, along with the catastrophic collapse of Crypto, the Solana market ceiling to $ 3 billion – by 96 % of the previous peak – by late 2022.

The former SAM Bankman-PRIED company has bought about 58 million Solana-at $ 7.4 billion currently-from Solana Labs and Solana, and the “most dangerous” layer 1 that FTX was helping it, Fortune He said In April 2022 report.

FTX applied for bankruptcy of Chapter 11 on November 11, 2022, and is still in the process of opening hundreds of millions of dollars of distinctive Solana from the FTX governor. The price of Solana fell to $ 8.30 on December 29, 2022.

Despite the setback, in 2023 it was characterized by the beginning of Solana’s impressive return, which witnessed the market in the market by 50 times from 3 billion dollars to more than 140 billion dollars by January 19, 2025.

Memecoin Solana takes Solana’s dependence to the next level

One of the biggest reasons behind the return of Solana was the memecoin madness, which occurred between late 2023 and 2024 – a $ 100 billion market controlled by Solana.

Many Mimokins Solana, such as Bonk (Bonk), Dogwifhat (WIF), Fartcoin (Fartcoin), and Pudgy Penguins (Pengu), have risen to billions of dollars in market caps in early 2024-about the time when Solana Memecoin Launcad Pump became.

pump.fun alone Mired In more than $ 540 million of revenue over the past 12 months, and even exceeded ETHEREUM 24 hours in some points.

However, any Solana Mimikoin did not attract more attention than Trump’s official symbol (Trump), which was launched by the IDF of the President and the United States of America now on January 17-which rose to a $ 14.6 billion market within two days before it declined.

Trump Memecoin briefly pushed the total value of Solana (Defi) to $ 14.2 billion, and is left out of Ethereum, Defillama only Data He appears.

Happy birthday fifth Solana 🥳

Congratulations on 5 years of building and charging the greatest technology of our industry 🫶

Manlets on top 🎉 pic.twitter.com/clkv3epn9

PUMP.fun (pumpdotfun) March 16, 2025

Solana Blockchain has also become the third largest adoption of Stablecoins behind Ethereum and Tron.

Solana reveals the first major encryption phone

In May 2023, Solana released the first main encryption phone called “Solana Saga”.

Android sales began with the compact encryption portfolio slow, but it rose after a 30 million Airdrop bonck West Mimin lovers to make a purchase.

Solana also unveiled a new smartphone, Solana Solana “Solana” last September to better facilitate the trading of Memecoin and the accumulation of symbolic rewards.

While most auditors say Solana phones lack the technical capabilities of iPhone or Google Pixel, Solana has seen more than 140,000 in advance for producers.

Solana Seeker is currently priced at $ 500.

However, Solana has also plagued many networks over a period of five years-which led to the stoppage of the mass production for 20 hours in some cases.

Solana certificates were forced to restart the network on several occasions when the network activity rose.

A new independent auditor named Fredancer live on Mainnet from Solana at some point in 2025 to address the problems of the Solana customer diversity. It was described as a superior solution to “Quic”-the data transfer protocol that was developed in Google to fail To process transactions on Solana ten times.

Solana is scheduled to be included in Trump’s digital assets

The Trump administration says it will include Solana in the stock of digital assets, which confirmed through an executive order on March 7. It is the smallest cryptocurrency in the list.

Digital assets stock will initially be used to confiscate the cryptocurrency in government criminal cases.

Related to: Solana’s proposal to reduce the inflation rate by up to 80 % of traffic failed

The United States does not seem to be carrying Solana, According to Arkham Intelligence. However, the White House said it would complete the review of encryption assets.

Trump initially announced that Solana would become one of the American reserve assets on March 2.

However, only a bitcoin reserves and digital asset stocks later have later created Solana in addition to ETHER (ETH), XRP (XRP) and Cardano (ADA).

The Solana price is currently $ 128.17-sixth, the largest encrypted currency of $ 64.5 billion. Solana has decreased by 56 % of its highest level ever, as the broader market continued to move through stagnation concerns and the weak market morale recently.

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