Solana turns 5, with 408B transactions, $1T in volume, and significant DeFi growth. Big things ahead!
Solana just turned 5 years old on March 16, 2025, and boy, has it exploded. The blockchain now has processed a whopping 408 billion transactions and reached nearly $1 trillion in aggregate trading volume. And to spice it up, its 1,300+ validators are keeping the network intact. Not so bad for a five-year-old, huh?
In 2017, Anatoly Yakovenko set out with a mission: fix blockchain’s biggest issue—scalability. That is when Solana entered the scene with its revolutionary Proof-of-History (PoH) along with Proof-of-Stake (PoS), making it fast, efficient, and inexpensive. Developers and crypto investors soon made it their first choice.
In the DeFi space, Solana left a massive mark with over $7 billion TVL locked in its projects, and the stablecoin market reached an all-time high of $11 billion, though it did dip to $12.6 billion in February 2025.
Solana also broke waves in the devs’ world, welcoming over 7,600 new devs in 2024—more than Ethereum! Institutions like CME Group are even taking notice nowadays with future plans to list Solana futures contracts soon.
Solana’s 5th birthday is only the beginning. Watch for even more to come.
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