Solana signed a spectacular performance in the fourth quarter of 2024 with an increase of 213 % of the income generated by its applications, or 840 million dollars against 268 million in the previous quarter. This rapid leap is based on the explosion of the same trading, but also on the rise of tokens linked to artificial intelligence. Formerly criticized for its repeated breakdowns, the blockchain is now established as an essential player in the sector, and attracts traders, developers and investors. This rapid transformation, indicated by Messari, illustrates the evolution of Solana to a more structured ecosystem, carried by an increasing adoption and a massive influx of liquidity.
The same propels revenues from Solana applications
The cumulative income of Solana applications experienced a spectacular flight in the fourth quarter of 2024. They reach $ 840 million, compared to 268 million in the previous quarter, according to Messari data. This 213 % leap is largely explained by a massive speculative wave on the same, ultra-valatile tokens that generate colossal trading volumes. “The increase in income for Solana applications is directly linked to speculation on the same and the emergence of new IA tokens”, precise Messari. In November, this phenomenon allowed Solana applications to reach a historic peak of $ 367 million in income, a record for the ecosystem.
Among the main platforms having benefited from this dynamic, Pump.Fun, a Launchpad specializing in the same, has garnered $ 235 million in income in the quarter, an increase of 242 % compared to the previous three months. Other key players in the DEFI on Solana, such as Photon and the DEX Raydium, have also recorded dazzling growth, reaching 140 million and 74 million dollars respectively, with increases exceeding 250 %. This effervescent activity has also led to an explosion of daily volumes on the DEX of the network, which increased by 150 % to reach $ 3.3 billion per day. Solana is no longer content to be a simple Challenger from Ethereum, it becomes a major center of attraction for investors and traders looking for high -risk opportunities.
AI, another growth lever for Solana
If the same has played a key role in the spectacular growth of Solana at the end of the year, the boom of tokens linked to artificial intelligence (AI) is another decisive factor. According to a Bitget report, Solana now dominates this segment and captures 56.48 % of the AI agent market. This strategic position is explained by the rise of crypto projects which exploit AI in the DEFI and the web3, and which attract an increasing interest on the part of investors. Thus, some observers believe that the capitalization of the IA tokens could reach $ 60 billion by 2025, which would further strengthen the attractiveness of this ecosystem.
In addition to this dynamic, the rise of the IA tokens favored a massive influx of total locked value (TVL) on Solana, which has risen second in the world with 8.6 billion dollars in assets under management. This amount now exceeds that of several competing blockchains. Only Ethereum retains a considerable advance with $ 57 billion, but Solana's rapid progression questions the historic hegemony of the network founded by Vitalik Buterin. This rise in power goes beyond a simple speculation on the same. It illustrates a transition to a more robust crypto ecosystem, where technological innovations and decentralized applications play a central role. Thanks to the combination of increasing adoption and highlighting investment opportunities, Solana seems to redefine the balance of forces in the universe of blockchains
The rise of Solana translates a profound change in the crypto landscape, where investors and users are looking for faster and less expensive alternatives than Ethereum. However, this growth is largely based on speculation around the same, assets with extreme volatility, likely to lose their appeal as quickly as they have won it. Conversely, the development of tokens linked to artificial intelligence opens up more sustainable perspectives, by strengthening adoption and innovation within the crypto ecosystem. In addition, with an expansion TVL and an increasing domination in the AI segment, Solana stands out as a key player in the web3. It remains to be seen whether this dynamic will be able to register in time without the blockchain falling back into its past weaknesses, especially in terms of stability and safety of the network.
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