Messari Releases Solana 2024 Q4 Report: DeFi and Ecosystem Grow in All Directions

On February 5th, Messari released its Solana Q4 2024 report, which showed that Solana's Q4 DeFi TVL reached $8.6 billion (+64%), surpassing Tron to become the second largest public chain. On-chain application revenue was $840 million (+213%), driven by Memecoin and AI token trading. The daily DEX trading volume was $3.3 billion (+150%), with Jupiter accounting for 38% of the market share. The stablecoin market value was $5.1 billion (+36%), with USDC accounting for 75% and USDT increasing to $912 million. The liquidity staking ratio was 11.2% (+33%), with JitoSOL accounting for 34% of the market share. On the technical side, AgaveV2.0 was launched, 90% of the network has been upgraded, Firedancer client entered testing to improve scalability, ZK compression technology was introduced to reduce gas costs. In terms of the market, SOL's market value was $91 billion (+27%), briefly breaking through $120 billion, FTX sold 30 million SOL at an average price of $102, Visa expanded SolanaUSDC settlement, and Grayscale submitted a Solana ETF application. Solana's ecological growth is strong, institutional adoption is accelerating, and it is expected to further expand its market influence by 2025.