Solana falls five years in the amount of 1 trillion dollars in trading volume and recording developers’ growth
Solana, high -performance Blockchain platform, which has a five -year mark since Mainnet was launched on March 16, 2020.
During the past half -decade, Solana has created herself as a major player in the decentralized financing sector (Defi), with more than 408 billion transactions and about a trillion dollars in the cumulative trading volume.
The network, known for its low fees and high -speed transactions, expanded significantly, attracting thousands of developers and investors.
Happy birthday, fifth Solana Fam! 🥳 408++ billion transactions. 1,300+ auditors. 987 dollars+ billion size. Thanks to all the founders who are uncompromising, Dave, and NCMOS all over the world who made Solana what it is today – 5 years, we have just started 🎊
As Solana’s growth continues, its role in Blockchain’s advanced scene has strengthened, bypassing ETHEREUM in the interest of the developer and gaining recognition in institutional investment departments.
Its last inserts in multiple funds (ETF) applications (ETF) and the launch of Solana Futures contracts coming from Group CME confirming its prevailing adoption.
Network growth
Since the launch of Mainnet in 2020, Solana has created more than 254 million blocs and established itself as one of the most active Blockchain networks.
The statute works with more than 1,300 health, ensuring decentralization and safety while maintaining its reputation for the productivity of high transactions.
Solana Defi Ecosystem dramatically, with the total total value (TVL) more than $ 7 billion (TVL) via its protocols Defillalama data.
Despite the fluctuations of the market, the network continues to attract developers and investors, as it put itself as a serious competitor to ethereum.
Solana exceeds Ethereum in the interest of the developer
The participation of the developer with Solana witnessed a noticeable increase, transgressing ETHEREUM as the most popular Blockchain for new expatriates in 2024.
According to the report of the Electric Capital 2024 developer, Solana has 7625 new developers last year, which represents 19.5 % of all new Blockchain developers.
This increase sheds light on the growing gravity of the network due to its speed and low costs and a strong ecosystem.
Many developers believe that Solana is an alternative to ETHEREUM, as it provides a more developed environment for building decentralized applications (DAPS) without crowding and high fees associated with the ETHEREUM network.
The success of the consensus mechanism of Solana’s history, which enhances efficiency by organizing transactions, has played a major role in its ability to support rapid development and dependence.
CME Group for Future Contracts Solana
CME Group has been set for Solana Futures, awaiting organizational approval.
This step indicates an increase in institutional interest in Solana as a trading origin, providing investors with more tools to hedge the volatility of prices.
The introduction of Solana Futures follows its inclusion in multiple ETF applications, which enhances its position as a major player in the encrypted currency sector.
These developments highlight the transfer of Solana from the emerging Blockchain network to the prevailing financial assets with the increasing estimate in traditional markets.
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