"Key events of 2024"
1️⃣ Growth in the number of developers
One of the main achievements of the year was attracting over 7625 new developers, which even exceeded Ethereum's comparable figure (6456 developers). This strengthened the ecosystem and accelerated the adoption of new technologies.
2️⃣ Major partnerships
Solana gained the trust of the world's largest companies:
✅ In May, PayPal launched its stablecoin PYUSD on Solana, ensuring instant and low-cost transactions.
✅ In September, Visa began using Solana to process payments with USDC, marking an important step in integrating cryptocurrencies into the traditional financial system.
3️⃣ The rise of DeFi and TVL at $9.5 billion
The decentralized finance (DeFi) ecosystem on Solana has grown significantly:
— By the end of 2024, the total value locked (TVL) reached $9.5 billion.
— Raydium, Jupiter, and Marinade Finance became the flagships of the ecosystem.
4️⃣ The boom of meme coins and hype around AI
⛰️ Solana became the leading platform for meme coins in 2024:
🔹 The PumpFun platform allowed users to create meme-tokens without the need for prior liquidity provision. As a result, over 6 million new tokens were launched.
🔹 AI meme coins gained popularity, attracting retail investors.
🔹 TRUMP and MELANIA became true hits — their release caused incredible hype, and the price of TRUMP soared to $75 in the first hours.
5️⃣ Technical challenges
Despite the successes, Solana faced challenges:
⚠ February 2024: the largest network failure — an overload of one of the subnets led to a five-hour downtime. Developers quickly fixed the issue, but the incident highlighted the importance of scalability.
⚠ Regulators have taken notice of meme coins — changes in the regulation of new asset launches are possible.
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"What awaits Solana in 2025?"
✅ Update of SOL inflation model
The proposed Electric Capital model will help regulate SOL inflation, reduce selling pressure, and stabilize the market.
✅ Launch of SOL futures on CME Group
This will attract institutional investors and provide additional liquidity to the token.
✅ Improvement of infrastructure and scalability
The network will continue to optimize operations to avoid overloads and transaction delays.
🆙 Solana remains one of the most promising blockchain platforms, and 2025 promises to be just as eventful as the previous year!