Solana: Reshaping the financial landscape, rising from retail to institutions
Solana, a blockchain formerly known for innovation in the retail sector, is quietly setting off a revolution in the financial sector. It goes beyond simple meme currency transaction tags and has proven its extraordinary ability to handle large-scale financial transactions with high throughput and low latency characteristics.
In 2024, Solana achieved significant growth in multiple verticals in the financial sector. The field of decentralized exchanges (DEX) is particularly eye-catching, with transaction volume hitting record highs, rivaling Ethereum. At the same time, the market value of stablecoins has grown steadily, jumping from US$1.89 billion at the beginning of the year to US$3.8 billion, demonstrating the market's strong confidence in Solana's financial ecosystem.
Institutional-level adoption becomes a new chapter in Solana’s financial development. PayPal launches PYUSD, alongside giants such as Visa and WorldPay, marking Solana’s official entry into the mainstream financial arena. The release of the Token Extension function has given Solana tokens unprecedented high-level functions, such as confidential transfer, real-world asset interest generation, etc., which meets the dual needs of enterprises and institutions for compliance and functionality. .
In the field of liquidity staking (LST), the JITO protocol leads the trend, and the amount of SOL pledged has surged, with the total locked value exceeding US$1.7 billion, further consolidating Solana’s position in the financial market. The success of pump.fun, the meme currency publishing platform, reveals Solana’s unique charm in meeting market speculation needs, becoming a model of equal emphasis on income and influence.
Solana has transformed from a single meme currency chain into an all-rounder in the financial field, not only satisfying the speculative enthusiasm of retail investors, but also winning wide recognition from enterprises and institutions. In the future, Solana will continue to work intensively in the financial field and lead a new leap in blockchain technology.
