Solana Surpasses $10.1B in Cross-Chain Volume!
The Solana network continues to assert itself in the crypto universe. According to recent data, Solana’s cross-chain bridges reached a total incoming transaction volume of $10.1 billion, marking an impressive increase of 114% in one year.
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Explosion of transactions on Solana: +114% in 1 year!
Cross-chain bridges allow users to transfer cryptocurrencies from one blockchain to another, thereby fostering interoperability among ecosystems. By February 2024, the total volume of incoming transactions on Solana was $4.7 billion. However, between November 2024 and January 2025, the network experienced an explosion of its activity , recording over $6 billion in new incoming flows.
- November 2024: $1.1 billion
- December 2024: $2.5 billion
- January 2025: $3.2 billion
But on February 10, 2025, these bridges on Solana reached $10.1 billion , representing a meteoric rise of 114% compared to February 2024. This surge coincides with growing interest in Solana, particularly due to its low transaction fees and speed.
USDC dominates incoming crypto transactions with a volume of $3.9 billion, followed by an outgoing volume of $4.7 billion. Ethereum (ETH) comes in second with approximately $2 billion in incoming and outgoing flows. Finally, the network’s native asset, Solana (SOL), ranks third with $1.5 billion in incoming volume and $1 billion in outgoing volume.
Solana versus Ethereum
Despite its rapid growth, Solana’s bridge volume remains lower than Ethereum’s, which recorded $38 billion during the same period. In April 2024, the lowest month for Ethereum, its volume was still $5.1 billion, which is much higher than SOL’s monthly performances.
The spectacular growth of Solana’s inter-chain bridges demonstrates its increasing appeal in the crypto ecosystem, as evidenced by Franklin Templeton’s tokenized fund launch on the platform . Although its volume remains lower than Ethereum’s, its rapid evolution indicates a promising future! Solana could thus continue to establish itself as a major alternative.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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