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Solana’s 5th birthday: From pandemic origins to US crypto stockpile

Coin Telegraph LogoCoin Telegraph1d ago

Solana’s 5th birthday: From pandemic origins to US crypto stockpile - Coin Telegraph

Quick Summary:

Several Solana memecoins such as Bonk (BONK), Dogwifhat (WIF), Fartcoin (FARTCOIN) and Pudgy Penguins (PENGU) rose to multibillion-dollar market caps in early 2024 — around the time Solana memecoin launchpad Pump.fun became one of the most popular crypto platforms for memecoin lovers. Pump.fun alone has raked in over $540 million in revenue over the last 12 months and even surpassed Ethereum over 24-hour intervals at some points.

The TRUMP memecoin briefly pushed Solana decentralized finance (DeFi) total value locked to $14.2 billion, trailing only Ethereum, DefiLlama data shows. happy 5th birthday @solana 🥳congratulations on 5 years of building & shipping the greatest tech to ever grace our industry 🫶manlets on top 🎉 pic.twitter.com/Clkv3eEpn9— pump.fun (@pumpdotfun) March 16, 2025The Solana blockchain has also become the third largest adopter of stablecoins behind Ethereum and Tron.

Memecoin craze takes Solana adoption to the next levelOne of the biggest reasons behind Solana’s comeback was the crypto memecoin craze that took place between late 2023 and 2024 — a $100 billion market that Solana dominated.

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Article Details

Author / Journalist: Cointelegraph by Brayden Lindrea

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 05:33:33 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 994 words

Reading Time: 6 minutes read

Sentences: 42 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27106274

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 422 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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