Solana’s 5th Birthday: A Celebration of Growth and Trading Activity
As Solana marks its fifth anniversary, recent data from the global payments infrastructure platform Mercuryo has unveiled unprecedented levels of volatility in Tether trading on the Solana transport layer in 2025. This surge in activity reflects a surge of interest from crypto traders in Solana (SOL), positioning it as one of the most active blockchain networks in terms of transaction volume.
A Dominant Player in the Blockchain Space
Solana’s journey began on March 16, 2020, with the creation of its genesis block. Since then, the network has processed a staggering 408 billion transactions and facilitated nearly $1 trillion in trading volume on decentralized exchanges. This impressive track record has solidified Solana’s position as a dominant player in the layer-1 blockchain arena.
The Perfect Blend of Speed and Affordability
Over the past five years, Solana has emerged as one of the top-performing layer-1 blockchains, offering a winning combination of high-speed transactions at low costs. Its ability to handle large transaction volumes with minimal fees has made it a preferred choice for traders seeking swift execution and ample liquidity.
Extreme USDT Volatility Reflects Market Dynamics
According to Mercuryo’s data, Tether USDT trading on Solana has witnessed a surge in volatility in early 2025, as traders adapt their strategies to capitalize on evolving market trends. The data highlights a series of significant price fluctuations:
• A 100% surge during the week of Jan 13
• A 63% drop on Jan 20
• A 129% recovery by Jan 27
• A 61% plunge on Feb 10
• A 137% spike on Feb 24
Greg Waisman, Co-founder, and COO at Mercuryo, remarked, “Solana has captured the attention of crypto traders worldwide. As we celebrate Solana’s fifth birthday, our transaction data on Tether tokens on the Solana transport layer underscores an unprecedented level of trading activity amidst the surge in interest in trading opportunities on Solana over the past year.”
Memecoin Frenzy Drives Trading Surge
A significant catalyst behind the upsurge in Solana’s trading volume is the increasing popularity of meme coins. Solana holders have been leveraging the token to purchase meme coins like dogwifhat (WIF) and Bonk (BONK).
Moreover, Pump.fun has generated over $540 million in revenue in the past year alone. Notably, Pump.fun’s trading volume has at times surpassed that of Ethereum over 24-hour periods, underscoring Solana’s pivotal role in the meme coin space.
In conclusion, as Solana commemorates its fifth year of existence, the platform continues to attract widespread attention from traders and investors alike. With its unparalleled speed, affordability, and growing ecosystem, Solana stands poised to further solidify its position as a leading player in the blockchain industry.
