SHOULD WE EXPECT A NEW MILLSTONE ON SOLANA NETWORK ??📌
REGARDING ITS ACHIEVEMENT IN ITS FIVE YEARS 📮📮
Over the past five years, Solana has achieved several notable milestones:
High Transaction Throughput: The network has processed over 408 billion on-chain transactions, highlighting its scalability and widespread adoption.
Decentralized Validator Network: With more than 1,300 validators, Solana ensures a robust and secure decentralized infrastructure.
Significant DeFi Activity: The platform's decentralized exchanges (DEXs) have facilitated nearly $987 billion in trading volume, underscoring Solana's prominence in the DeFi space.
Economic Growth: In October 2024, projects on Solana collectively earned approximately $300 million, reflecting the network's capacity to support revenue-generating businesses.
Increased Total Value Locked (TVL): Solana's TVL reached $10.844 billion, marking a 77.45% increase in just seven days, indicating a substantial influx of capital into Solana-based DeFi platforms.
Strategic Partnerships: Solana has collaborated with major entities, including integrating with Shopify to enable merchants to accept cryptocurrency payments, thereby expanding its ecosystem and real-world applications.
Network Stability: The network celebrated a full year without any outages, demonstrating improved stability and resilience. This reliability has contributed to a 213% increase in app-generated revenue in Q4 2024, reaching $840 million.
Record Network Revenue: On October 23, 2024, Solana achieved a record-breaking $8.7 million in network revenue, driven by growing blockchain activity and increased total value locked.
