Mercuryo Commemorates Solana’s 5th Anniversary with Impressive Growth and Trading Activity

March 17, 2025 stocks24

As Solana marks its fifth anniversary, new insights from Mercuryo, a global payments infrastructure platform, reveal significant volatility in Tether trading on the Solana network this year.

The dramatic price fluctuations indicate a growing interest among crypto traders in Solana (SOL), which has emerged as one of the most active blockchain networks by transaction volume.

Launched on March 16, 2020, Solana has processed over 408 billion transactions and nearly $1 trillion in trading volume on decentralized exchanges, securing its position as a key player in the layer-1 blockchain sector over the last five years.

Since its inception, Solana has distinguished itself as a top-performing layer-1 blockchain due to its combination of high-speed processing and low transaction costs. Its capability to handle substantial transaction volumes with minimal fees has made it the network of choice for traders looking for fast execution and high liquidity.

Significant USDT volatility signifies market engagement

Data from Mercuryo reveals that Tether USDT trading on Solana experienced heightened volatility in early 2025 as traders adjusted their strategies to take advantage of shifting market trends. The data highlights the following notable price movements:

100% increase (week of Jan 13)
63% decline (Jan 20)
129% rebound (Jan 27)
61% dip (Feb 10)
137% surge (Feb 24)

“Solana captures the attention of crypto traders worldwide,” remarked Greg Waisman, Co-founder and COO at Mercuryo. “As Solana celebrates its fifth birthday, our transaction data concerning Tether tokens on the Solana network indicates an unprecedented level of trading activity, highlighting the explosive interest in trading opportunities that we have observed over the past year.”

Memecoin craze drives trading volumes

A significant factor contributing to the rise in Solana’s trading volume is the increasing popularity of meme coins. Solana holders are utilizing the token to acquire meme coins such as dogwifhat (WIF) and Bonk (BONK).

Additionally, Pump.fun has generated over $540 million in revenue within the past year. Remarkably, Pump.fun’s trading volume has periodically eclipsed that of Ethereum over 24-hour intervals throughout the past year. This trend clearly illustrates Solana’s prominent role in the meme coin market.