In Q4 2024, Solana’s application revenue soared to 840 million USD, a staggering 213% increase year-over-year. A substantial 367 million USD was earned solely in November, demonstrating the platform’s performance driven by thriving memecoin activities.

Solana’s total value locked reached 8.6 billion USD, reflecting a 64% increase compared to the previous quarter. Analysts believe this upward trend may outpace traditional exchanges, highlighting Solana’s innovative potential.