Messari Releases Solana Ecosystem 2024 Q4 Report: DeFi TVL Reaches $8.6 Billion

Odaily News Messari released Solana’s 2024 Q4 report, which disclosed:
Solana ecosystem DeFi TVL reached $8.6 billion (+64%), surpassing Tron to become the second largest public chain, with on-chain application revenue of $840 million (+213%);
Solana ecosystem’s average daily DEX trading volume is $3.3 billion (+150%), with Jupiter accounting for 38% of the market share, mainly driven by Memecoin and AI token transactions;
The market value of Solana ecosystem stablecoins is US$5.1 billion (+36%), of which USDC accounts for 75% and USDT increases to US$912 million.
In addition, Visa expanded SolanaUSDC settlement, and Grayscale submitted the SolanaETF application. Overall, the Solana ecosystem is growing strongly, and institutional adoption is accelerating.