Ethereum

2024

Solana

Raydium

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solanas-surge-a-closer-look-at-its-q4-2024-performance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana’s Surge: A Closer Look at Its Q4 2024 Performance</a><br></p>
<p style="text-align: justify">Solana , a competitor to Ethereum , experienced a remarkable increase in total value locked (TVL) by the end of Q4 2024. According to Messari’s report titled “State of Solana Q4 2024,” the TVL surged to $8.6 billion, reflecting a 64% rise compared to the previous quarter and an astounding 486% increase year-on-year. This milestone positions Solana significantly among blockchain platforms.</p>
<h2 id="tvl-growth-and-comparisons">TVL Growth and Comparisons</h2>
<p style="text-align: justify">The report highlights key indicators related to the growth of Solana’s TVL. TVL represents the total value of cryptocurrencies locked within smart contracts on the network. This growth is particularly noteworthy as Solana has surpassed other platforms, such as Tron, securing the second position. Following the FTX collapse, TVL had plummeted to several hundred million dollars.</p>
<p style="text-align: justify">Raydium, a prominent player in the Solana ecosystem, has emerged as the largest decentralized exchange, witnessing an 86% quarter-over-quarter growth in its TVL. The platform’s market share has reached 24%, indicating an increase in trading volume and user interest.</p>
<h2 id="sectorial-impacts-and-liquid-staking">Sectorial Impacts and Liquid Staking</h2>
<p style="text-align: justify">The report states that the growth in Solana extends beyond just TVL, generating positive impacts across various sectors. In DeFi, lending and decentralized exchange transactions have surged, with a 33% rise in liquid staking observed during the quarter. This suggests a strengthening of the <a href="https://en.coin-turk.com/solana-sees-strong-start-in-2024-with-record-new-addresses-and-ecosystem-developments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a> ecosystem.</p>
<p style="text-align: justify">Moreover, the activity in the <a href="https://en.coin-turk.com/pepe-coin-will-the-rally-continue/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> trend and AI-related assets has bolstered application revenues and market activities. Growth in the <a href="https://en.coin-turk.com/coca-cola-launches-unique-nft-collection-masterpiece/" data-wpel-link="internal" rel="noopener noreferrer nofollow">NFT</a> market and corporate investments also indicates Solana’s potential for expansion in different areas.</p>
<p style="text-align: justify">The Q4 2024 data for Solana signals diversified developments within its ecosystem. The insights provided in the report can assist those interested in blockchain technology to evaluate growth opportunities across various sectors. The developments appear noteworthy for individuals aiming to adapt to changes in the technology and finance sectors.</p>
<p>The post <a href="https://en.coin-turk.com/solanas-surge-a-closer-look-at-its-q4-2024-performance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana’s Surge: A Closer Look at Its Q4 2024 Performance</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana’s Surge: A Closer Look at Its Q4 2024 Performance

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