Solana was one of the networks that experienced explosive growth in 2024, both in technical and economic aspects. In December, Solana registered $304 million in inflows from other blockchains, only bested by Base and Hyperliquid. On the technical front, Solana passed its first block increase, which, although symbolic, signaled the willingness to make the changes needed to support the scalability of the projects. Revenue for Solana holders also touched all-time high numbers in 2024, as token holder net income surpassed the $500 million mark for the first time in December. Decentralized exchange volumes also soared, reaching $188 billion in December, principally powered by meme coin trading, signaling a preference for this chain.

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