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The most prominent recent report issued by Market Intelligence Messari is an unusual performance by Solana (SOL) during the fourth quarter of 2024, as it described it as the best quarter of any blockchain in history.
Solana becomes the second largest DEFI network
the a report A stunning growth of 213 % quarter of a quarter of a quarter (QOQ) in the GDP chain-mainly the total number of application revenues resulting from Solana-from $ 268 million in the third quarter to $ 840 million in the fourth quarter. November has emerged in the most profitable month, contributing 367 million dollars in the ecosystem.
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Among the leading applications that lead this increase in revenue, the pump was. Phone, which achieved $ 235 million, which represents a 242 % QOQ increase, and the photon, which witnessed greater growth in explosives with an increase of 278 %, which led to $ 140 million.
The general height of revenues can be largely attributed to renewed speculation of mimokins and an increase in encrypted currencies on behalf of the Acting that was launched during this period.
Demonie financing in Solana (Defi) Total closed value TVL was 64 % of QOQ, reaching $ 8.6 billion and putting the second largest DEFI network, crossing TON in November.
DEFI TVL, when expressed in Sol, witnessed an increase of 28 % of QOQ, totaling 46 million Sol. Daily non -central exchange volume (DeX) increased by 150 % of QOQ to $ 3.3 billion, driven by the appearance of mechanical trading and the rise of self -character.
In terms of stablecoins, the maximum Solana market has grown by 36 % of QOQ to $ 5.1 billion, making it the fifth larger. Stablecoin The market is between competing networks. The USDC dominance, with the maximum market increased by 53 % to $ 3.9 billion, continued to acquire a 75 % market share.
Increased activity and speculation
the Staking liquid rateThat measures the percentage of the liquid Sol, increased by 33 % to 11.2 %, indicating that a large part of the qualified Sol supplies-66 %-has now been. This growth is crucial for a prosperous ecosystem based on the load -bearing Sol.
The NFT market has also seen a modest increase, with a daily average size of 7 % to $ 2.7 million. Tensor dominated this area, achieving a volume of $ 103 million – QOQ by 14 % – while Magic Eden witnessed a decrease of 28 % to $ 68 million.
The scales of the network activity reflected a strong participation, with the average daily fees for daily fees by 171 % of QOQ to 5.1 million. The number of new graphics motivation has increased dramatically, growing by 189 % to 3.8 million. The average daily non -original transactions increased by 32 %, reaching 81.5 million.
Interestingly, the average transaction fee witnessed a remarkable increase, as it increased by 122 % of QOQ to $ 0.05, driven by an increase Network activity It is fueled by speculation in terms of a more suitable organizational environment in the United States.
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Despite these gains, Staped Sol witnessed a 5 % decrease in the fourth quarter, which is partially attributed to FTX to dismiss the symbols. However, Seoul The maximum market Its 27 % of QOQ grew to 91 billion dollars, reaching $ 120 billion in November.
By the end of the quarter, Seoul ranked sixth among all cryptocurrencies in the maximum market, and behind Bitcoin (BTC), ETHEREUM (ETH), Usdt’s Tether’s Usdt, XRP, and Binance Coin (BNB).
Currently, Sol is trading at a price of $ 199, a decrease of 22 % over the past two weeks, amid the growing macroeconomic challenges that have a significant impact on risk assets.
Distinctive image from Dall-E, Chart from TradingView.com
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