Solana Marks 5-Year Journey – 400 Billion Transactions and Counting
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The well-known cryptocurrency marks its anniversary, celebrating milestones it has achieved over the years, such as its incredible growth, making it one of the most important digital assets in the field. Solana has almost reached the last five years Dex trades $1 trillion And handled more than 400 billion transactions.
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Five years of success
Since the creation of Solana on March 16, 2020, cryptocurrencies have gradually become one of the top ten digital assets today.
In X post, Solana shares its achievements over its six decades of existence, citing it as it facilitates over 400.8 billion SOL transactions, more than 1,300 validators and at least $987 billion in volume.
Happy fifth birthday to the Solana family! 🥳
More than 4.08 billion transactions.
More than 1,300 validators.
$987+ $1 billion.Thanks to all the ruthless founders, developers and NCMOs for making Solana all the time today – 5 years now, we’re just starting out pic.twitter.com/p89pynhjpj
-Solana (@solana) March 16, 2025
According to Coingecko, Solana is the sixth place in cryptocurrency in terms of market capitalization. Meanwhile, SOL occupies 9th place in Coinbase Crypto based on its relative market capitalization.
“Thanks to all the ruthless founders, developers and NCMOs around the world who have made Solana what it is today – 5 years now, we’re just starting out.”
Digital growth
Solana is a cryptocurrency born with a pandemic baby, analysts say Grow Its system speeds up its transaction processing, allowing digital assets to increase at low cost.
Data shows that the cryptocurrency has generated more than 254 million blocks since its mainnet went online in March 2020, adding that Solana has become a major force in the decentralized financial sector. According to Defilama, Solana’s total value is over $7 billion locked in its deal.
On the other hand, Sol’s Stablecoin also performed well after it released $11 billion. Although this figure is lower than the $12.6 billion recorded in February 2025.
In terms of market capitalization, Solana has more than $65 billion in funding, which is its peak decline of $127.5 million.
As of writing, SOL is trading Coin $127down 1.2% in the past 24 hours.
Bounce back
Market observers say Solana was greatly affected by the bear market in 2022, while the collapse of crypto exchange FTX was affected by the bear market, with investors seeing its Mark Cap Plummet dropping 96% to just $3 billion.
Sam Bankman Frried’s FTX bought an estimated $7.4 billion worth of Sol Sol token for $7.4 billion at its value today. However, in November 2022, FTX filed for bankruptcy, causing the price of Sol to drop and reached $8.30 per coin in December 2022.
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It may face many challenges in 2022, but Sol showed resilience and made a comeback in 2023, with its market capitalization rising from $3 billion to over $140 billion as of January 19, 2025.
Featured images from Pexels, charts for TradingView
