Solana Hits 400B Transactions, Nearly $1T in 5 Years

Solana, the layer’s blockchain platform

To celebrate the milestone, the network has shared its achievements, which include more than 1,300 validators, nearly $ 1 billion in negotiation volume and more than 408 billion Solana transactions, in a position on its official X account.

Solana (GROUND) was founded in 2017 by Anatoly Yakovenko in order to take up the main challenge facing Blockchain technology. The network aims to find the right balance between scalability, security and decentralization.

When combined with proof of work, the Yakovenko history proof system accelerates the treatment of transactions. Solana was able to grow while maintaining low costs.

More than 254 million blocks have been generated by Solana since its Mainnet was put online in March 2020. Since then, the A network cultivated Being a force majeure in decentralized finance, with more than $ 7 billion of total value locked in its protocols, according to Defilma data.

Meanwhile, the Solana Stablescoin market reached $ 11 billion, against its peak of more than $ 12.6 billion in February 2025. Likewise, its market capitalization, which has already culminated at $ 127.5 billion, is now 65 billion dollars.

The interest of developers for Solana has also increased considerably. He exceeded Ethereum as the most popular blockchain for new developers in 2024. According to the developer of Electric Capital 2024 reportSolana attracted 7,625 new developers the previous year, representing 19.5% of all new entrants to the market.

March 17, CME Group plans To introduce Solana’s term contracts, subject to regulatory authorization. These term contracts, which are intended to help investors protect themselves from price oscillations, indicate that Solana becomes an asset more widely accepted on the cryptocurrency market.

In addition, Solana was included in several funds negotiated on the stock market applicationsindicating its growing acceptance and its place to growth.