The Solana ecosystem has a lot to be thankful for this year
In 2024, the Solana ecosystem achieved remarkable milestones, showcasing resilience and growth. Solana's price surged from around $40 to over $260, with monthly DEX trading volume hitting $100 billion. Developer engagement flourished with the Colosseum Radar Hackathon, attracting over 13,600 participants, and significant advancements in developer tools were made. The network processed an impressive 62 million daily non-vote transactions in Q3 2024, with $5 billion in NFT sales and a 151% increase in stablecoin market cap. Community initiatives and grassroots campaigns bolstered Solana's cultural presence and contributed to network decentralization. Importantly, Solana reduced its carbon footprint by 69%, setting industry benchmarks for energy efficiency. Cross-chain capabilities were enhanced through bridges like Wormhole and new tools like Mantis. Looking to the future, Solana is poised for continued growth, with rising institutional interest and developments in decentralized identity and governance systems, ensuring that its community remains engaged and visionary.
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