NewsBTC
Mar 18, 2025
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Solana Celebrates 5th Anniversary with Over 400 Billion Transactions

1 min

Solana celebrates its 5th anniversary with notable achievements since its launch on March 16, 2020. Key milestones include:

  • Nearly $1 trillion in decentralized exchange (DEX) trading
  • Over 408 billion transactions processed
  • More than 1,300 validators
  • Close to $987 billion in transaction volume

Currently, Solana ranks 6th in market capitalization among cryptocurrencies. SOL is positioned 9th on Coinbase based on relative market cap.

Since its mainnet launch, Solana has generated over 254 million blocks and holds more than $7 billion in total value locked within its decentralized finance (DeFi) protocols. Its stablecoin has recorded $11 billion in value.

Market capitalization stands at around $65 billion, down from a peak of $127.5 billion. As of now, SOL trades at approximately $127, reflecting a 1.2% decline in the last 24 hours.

In 2022, Solana's market cap fell sharply due to the bear market and the collapse of FTX, reaching only $3 billion. However, it has rebounded significantly, increasing its market cap to over $140 billion by January 19, 2025.