《Solana 2024 Stablecoin Explosive Growth, Unlimited DeFi Potential》
According to Cointelegraph, DefiLlama data shows the remarkable development of Solana: in 2024, the total value of Solana's stablecoins will grow to $5 billion, with an increase of $1 billion in December alone. Among them, USDC is the main contributor, with nearly $4 billion of Solana's total value locked (TVL) in USDC, while USDT ranks second with about $1 billion.
As of December 31, the total market capitalization of USDT and USDC reached $137 billion and $44 billion respectively. Since November, the market capitalization of the three major stablecoins has increased by over $25 billion.
Solana’s performance in the DeFi sector is particularly noteworthy, with its TVL growing approximately fivefold to $8.6 billion in 2024, standing out in the competition with Ethereum. Solana attracts numerous users and projects with advantages such as low transaction costs and high transaction speeds, leading to a sharp rise in the activity of decentralized exchanges (DEX) based on Solana, and the number of open futures contracts has also reached new highs.
It is worth mentioning that Grayscale has included Solana's native DeFi applications Jupiter and Jito in the top 20 tokens to watch in the first quarter of 2025, which fully reflects the market's high recognition and expectations for the Solana ecosystem. With the continuous improvement and development of the Solana ecosystem, Solana is expected to maintain strong growth momentum in 2025 and create a new wave in the DeFi field.
