Solana, the Layer-One Blockchain platform, was celebrated for five years since the launch of Mainnet on March 16th, 2020.
To celebrate the milestone, the network shared its achievements. This includes over 1,300 validators, close to $1 trillion in trading volumes and over 400 billion Solana transactions in the official X account post.
https://twitter.com/solana/status/1901279678620749997?s=46&t = nznxkss3debx8jihnzhmzw
Solana (SOL) was founded in 2017 by Anatoly Yakovenko with the aim of addressing the major challenges facing blockchain technology. Networks aim to strike a good balance between scalability, security and decentralization.
When combined with Yakovenko's historical proof system, Yakovenko's historical system speeds up transaction processing. Solana was able to grow while maintaining low costs as a result.
Defillama data shows that more than 254 million blocks have been generated since its mainnet was released in March 2020, and since then the network has become a major force in decentralized finance, with a total value of over $7 billion locked into the protocol.
Meanwhile, Solana's Stablecoin market reached $11 billion, from a peak of more than $12.6 billion in February 2025. Similarly, the market capitalization was $127.5 billion, and its market capitalization was $65 billion.
Developers' interest in Solana has also increased significantly. According to Etelana's 2024 developer report, Solana attracted 7,625 new developers the previous year, accounting for 19.5% of all new entrants in the market.
On March 17th, CME Group plans to introduce Solana futures contracts subject to regulatory clearance. These futures, intended to help investors protect against price fluctuations, show that Solana has become a more widely accepted asset in the cryptocurrency market.
Additionally, Solana is included in several exchange sales funding applications, indicating its mainstream acceptance and increased room for growth.
