This week, Solana has not stopped breaking records. Raised by the launch of the same truk to the image of the new President of the United States, the blockchain that had already benefited from the bullish feeling around the presidential election of Donald Trump, continues his ascent and comes to compete with Ethereum.
An excellent week for Solana who signs records
The week of 18 to 24 January 2025 is to be scored with a white stone for Solana. Indeed, the blockchain recorded record resultstestifying to a significant increase in its use by the crypto community.
So, Solana's daily transaction costs have reached a record levelcoinciding with the increase in the volume of the same market, especially those linked to President Donald Trump. The latter, which was invested on January 20, was able to attend the launch a same is in its effigy, The Trump, Directly designed thanks to the blockchain.
🧐 All about Solana, a blockchain with great ambitions
Solana's network fees suddenly skyrocketed, reaching A peak of $ 33.2 million January 20. In parallel, the daily on-chain volume of the blockchain remained superior at $ 27 billion at the start of the weekbefore falling to less than $ 17 billion on January 24. Thanks to these results, Solana confirms its number 1 place of networks in terms of on-chain volume, far ahead of Ethereum and 3.7 billion dollars.
Besides the same, The total offer of Stablecoins sur solana has reached new heightsexceeding for the first time $ 10 billion. Thus, the market share of stablecoins on the network has increased 110 % Since the beginning of the month, going from 5.1 billion to $ 10.8 billion.
This growth was notably carried by A strong USDC emission, the stablecoin of Circlethe offer of which increased from 4.2 billion to $ 8.2 billion. For its part, the USDT of Tether, the stablecoin with the largest capitalization of the market, represents $ 1.96 billion on the network.
By way of comparison, BNB Chain holds for $ 7 billion in stablecoins, base for 3.8 billion, and Ethereum which stays far ahead with A total offer of $ 115 billion of stablecoins.
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The launch of the same Trump is no stranger to the success of the blockchain
As for the total locked value (TVL) of the network, Solana is not to be outdone. His TVL simply jumped thanks to the Trump token which helped attract more than $ 11 billion in volume on the network since its launch.
Thus, Solana's TVL amounts to $ 12.2 billionup more than 600 % in one year. Raydium, one of the main decentralized exchanges based on the blockchain, represents Nearly $ 3 billion Locked total value, highlighting the growth demand for decentralized trading platforms on the network.
👉 Read also – Solana's income explodes thanks to the same Trump family
However, this value remains much less next to that of Ethereum which records TV of 67.5 billion dollars. The specialist in Liquid Staking Lido and the decentralized loan platform Aave represents the majority of the total locked value of the blockchain founded by Vitalik Buterin.
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Source: Coingecko
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Surprised by the rise of cryptocurrencies at the end of the 2010s, I started to follow from near this sector which fascinates me at the highest point. When I am not in football, rugby or handball room stadiums, I brought myself to write relevant articles around cryptocurrencies and more broadly, of the web3.
Zacharie Tazrout
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