The post Solana Outshines Ethereum with Bitcoin Liquidity on Its Side appeared on BitcoinEthereumNews.com.

Ethereum rival Solana’s total value locked (TVL) soared in the final quarter of 2024, according to Messari’s “State of Solana Q4 2024” report. It increased by 64% compared to the third quarter and by 486% year-over-year, reaching an impressive $8.6 billion. Solana is now second only to Ethereum, having surpassed Tron in November 2024. The TVL represents the total value of digital assets staked or locked within a blockchain’s smart contracts. Raydium led the charge on Solana. The blockchain’s biggest decentralized exchange (DEX) gained 86% in TVL quarter-over-quarter, closing the year with a market share of 24%. According to Messari, the DEX’s dominance is owed to memecoin and AI-related crypto trading. In spite of a slowdown in retail trading and a cooling crypto market, Solana keeps generating more revenue than Ethereum, DefiLlama reports. The gap is even more pronounced in terms of apps. Solana app revenues exceed Ethereum apps tenfold as of February 2025.  This data is current even after considering the plethora of Layer-2 blockchains on Ethereum, which host a vast share of trading activity. Solana’s revenue exceeded $8.4 million on February 9, compared to $875,571 for Ethereum. Still, Ethereum has the lead in terms of TVL: just under $57 billion compared to Solana’s $9.5 billion. With Bitcoin migrating to Solana through platforms like Zeus Network, Solana is expected to surpass Ethereum in this category. Solana is winning over institutional and retail users Solana’s speed and scalability appeal to institutions like Franklin Templeton, BlackRock, and Société Générale. The blockchain is built to handle up to 65,000 transactions per second (TPS), supporting highly data-intensive operations. It is uniquely suitable for institutional adoption thanks to its reliable security and low transaction costs, providing the infrastructure financial institutions need to tokenize assets, integrate DeFi into workflow, or process real-time payments. Solana is…

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Filed under: News - @ February 14, 2025 8:20 am