As Solana celebrates its fifth anniversary, new data from the Global Payments Infrastructure Platform Mercuryo reveals extreme levels of volatility in tether trading in the Solana transport tier this year.
The sudden price movement reflects the growing interest from Solana (SOL) Crypto Traders. It has become one of the most active blockchain networks by transactional volumes.
Solana's Genesis Block was created on March 16th, 2020. Over the past five years, the network has processed more than $400 billion in trades and nearly $1 trillion in trading volumes on decentralized exchanges, establishing it as the dominant player in the Layer-1 blockchain space.
Since its launch five years ago, Solana has become one of the best performance layer-1 blockchains, taking into account the combination of high speed and low cost transactions. Solana's ability to minimize large volumes has become a priority network for traders looking for fast execution and high liquidity.
Extreme USDT volatility reflects market interest
According to data from Mercuryo, Tether USDT trading in Solana has increased in early 2025 as traders ease their approaches and strategies to change market trends. Mercuryo's data highlights the following dramatic price fluctuations:
- 100% Surge (week of January 13th)
- 63% drop (January 20th)
- 129% recovery (January 27th)
- 61% Plunge (February 10th)
- 137% Spikes (February 24th)
“Solana is captivating the interest of crypto traders around the world,” said Greg Waisman, co-founder and COO of Mercuryo. “As Solana celebrates her fifth birthday, transaction data on the tether tokens of the Solana transport layer suggests an unparalleled level of trading activity amid the explosion of interest in Solana's trading opportunities seen in the last 12 months.”
Memecoin Frenzy Fuels trading activities
The main driver behind Solana's trading volume surge is the growing popularity of Memecoin. Solana owners use Token to purchase meme coins such as Dogwifhat (WIF) and Bonk (Bonk).
Meanwhile, Pump.Fun has generated more than $540 million in revenue over the past year. In particular, Pump.Fun's trading volume has surpassed Ethereum for 24 hours over the past year. This can be seen as a clear indication of Solana's role in the meme coin space.
