The post The Solana ecosystem has a lot to be thankful for this year appeared on BitcoinEthereumNews.com.

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Here’s a look back at all of the innovations, milestones, and wins that made Solana’s 2024 unforgettable. Grab a glass of your favorite holiday cheer, and let’s raise a toast to another year of SOLid progress. Resilient market performance Talk about the comeback! SOL didn’t just bounce back in 2024 — it took flight from the ashes, soaring from around $40 a year ago to an all-time high of over $260 in recent days. Critics who doubted the network’s reliability? Silenced. Solana proved its chops, clocking near-perfect uptime and showing the world it can scale without breaking a sweat. And boy did the market notice. DEX trading volume on Solana has shot past $100 billion monthly, while futures open interest hit an all-time high of $4.54 billion. Numbers like these don’t lie—this isn’t just a recovery; it’s a victory lap. Developer-driven growth Behind every great blockchain is a legion of builders, and Solana’s community of developers has been crushing it. The Colosseum Radar Hackathon, held from Sept. 2 to Oct. 8, 2024, attracted over 13,600 participants — a 63% increase from its predecessor, Renaissance. On top of that, 2024 saw some serious upgrades to developer tools. Governance tooling from Realms? Check. Rollup-like technology to make the network even more scalable? Double check. With these resources in play, Solana’s developers are building faster and smarter than ever. Ecosystem expansion and adoption The network processed an impressive 62 million daily non-vote transactions in Q3 2024, supported by 1.9 million unique fee payers every single day. Not too bad, right? NFTs have been thriving, too. Platforms like Magic Eden and Tensor led the charge, with Solana’s total NFT sales volume surpassing $5 billion early this year. And let’s not forget…

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Filed under: News - @ November 28, 2024 4:21 pm