Solana Catches Fire As Memecoins Push TVL Past $9.7B
January 24, 2025 at 8:06 PMby The Block Whisperer
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Solana surged 600% in TVL to $9.77B, driven by TRUMP token's $11B volume. With 300M daily transactions, it’s crypto's new favorite for scalability and speed.
Solana is exploding to new heights on some of the most important metrics.
TVL rocketed up 600% to $9.77 billion in twelve months, and you can thank Trump's memecoin for the latest surge.
The network that everyone wrote off after FTX is now crypto's hottest playground.
Nobody seemed to expect the TRUMP token when it dropped on January 17.
$11 billion in trading volume later, and Solana is breaking every record in sight.
Meteora alone handled $5.6 billion in 24 hours – $4 billion from TRUMP pairs alone.
The ripple effects are still spreading. Every new memecoin launch brings more users, more volume, and more believers in the Solana scalability story.
The numbers are wild, with 300 million daily transactions, 4 million active addresses, and $33.3 million in fees in a single day.
That’s some serious cash that Solana is raking in.
From $1.4 billion TVL to $9.77 billion in a year tells you everything about Solana's momentum – and it’s not going away any time soon.
What's more impressive is that the network seems to be handling it all without any serious downtime.
The outages that everyone used to joke about seem to be fading into the annals of ancient history.
Solana's DeFi scene is thriving, with Raydium holding $2.59 billion TVL.
That's a sign that serious DeFi players are betting on Solana's future, and Raydium is undertaking innovation to keep pace with the growth.
New trading pairs, better liquidity, faster swaps – this is what adoption looks like in real-time.
Sure, Ethereum's still king with $68 billion TVL. But the gap between it and Solana is starting to look more like opportunity than outright dominance.
Solana's growing faster than anyone expected, and the future looks bright, with cross-chain technology only improving from here.
It's not just TRUMP, either.
Pudgy Penguins brought PENGU to Solana.
Dozens of successful memecoins launched throughout 2024.
When established brands choose your chain, that's strong market validation.
The technical improvements matter, but the cultural shift matters more.
Solana's become the chain where things happen fast – where ideas go from tweets to tokens in hours, not weeks.
Solana is becoming what Ethereum wanted to be – fast, cheap, and accessible enough for everyday users.
When TRUMP tokens can pull billions in volume without breaking the network, the engineering pushes they’ve made are proven to pay off.
From NFTs to DeFi to memecoins, everything seems to be working together in Solana’s favor.
The question isn't whether Solana can compete anymore – it's whether Ethereum can keep up.
With every new memecoin launch, every successful NFT drop, and every smooth trading day, Solana's proving that maybe the future of crypto isn't about layers and rollups.
Maybe it's about building things that the average person can use.
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