Ethereum $2,660.1 In the last quarter of 2024, his rival Solana experienced a significant increase in the total value lock. According to the “State of Solana Q4 2024” report published by Messari, Solana’s TVL increased by 64 %compared to the previous quarter and increased by 486 %compared to the previous year and reached $ 8.6 billion. This development prepared the ground for Solana to become an important position among Blockchain platforms.
TVL increase and comparisons
According to the report data, important indicators have been revealed in Solana’s TVL increase. TVL refers to the total value locked in smart contracts in the network of crypto assets. This increase is that Solana is in the second place by leaving behind other platforms such as Tron. After the FTX collapse, TVL decreased to a few hundred million dollars.
Raydium, which stands out in the Solana ecosystem, drew attention as the network’s largest decentralized stock market. Raydium’s TVL was observed by an increase of 86 %on a quarter -term basis, while the market share of the platform reached 24 %. This indicates an increase in transaction volume and user interest in the platform.
Messar: “Solana reinforced its position as a dynamic force in the Blockchain ecosystem for the last 3 months of 2024. There has been significant growth in areas such as defi, smart contracts, NFTs and corporate participation. ”
Sectoral Reflections and Liquid Stinging
The report states that the increase in Solana is not limited to TVL, but also has positive effects in various sectors. In the field of defi, lending and decentralized stock market transactions increase, while the liquid stinging rate was increased by 33 %on a quarter -term basis. This can be interpreted as an indication of the strengthening of the left ecosystem.
It also supported the mobility, implementation revenues and market activities in assets associated with Memecoin trend and artificial intelligence. The increase in the NFT market and corporate investments also points to Solana’s potential to expand in different areas.
Solana’s Q4 2024 data signals the diversified developments in the ecosystem of the platform. The data presented by the report can help investors who are interested in blockchain technology to evaluate their growth opportunities in different fields. Developments seem to be followed for those who want to adapt to changes in the world of technology and finance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
