TrustStrategy, a global blockchain analytics and infrastructure platform, has released its latest report highlighting the explosive growth of the Solana ecosystem in December 2024. According to TrustStrategy’s on-chain data and market intelligence, both DeFi and NFT sectors on Solana have reached all-time highs, signaling a new phase of adoption and performance for the high-speed blockchain.

Key Highlights

• Solana DeFi total value locked (TVL) surpassed $9.3 billion, nearly doubling from early 2024

• NFT trading volume on Solana exceeded $1.2 billion in December, the highest monthly figure to date

• Daily active wallets on Solana reached 2.2 million, a 60% year-over-year increase

• Transaction throughput peaked at 65,000 TPS, with average fees remaining under $0.0003

• Validator count rose to 3,248, enhancing decentralization and network resilience

These metrics reflect Solana’s emergence as a top-tier blockchain for scalable DeFi and NFT applications, supported by TrustStrategy’s infrastructure and analytics tools.

DeFi on Solana: A New Benchmark

Solana’s DeFi ecosystem has seen unprecedented growth in 2024, with protocols like Jupiter, Kamino, and Jito leading the charge. TrustStrategy’s data shows:

• DEX trading volume on Solana approached $1 trillion in 2024, a 22x increase from 2023

• Kamino’s lending TVL rose from 28% to 75% market share on Solana

• Liquid staking TVL reached 38.5 million SOL, with jitoSOL leading at 14.5 million SOL

• Stablecoin supply on Solana hit $5.4 billion, nearing its 2022 peak

TrustStrategy notes that yield aggregators, lending protocols, and liquid staking platforms have all found strong product-market fit, driving capital inflows and user engagement.

NFT Market on Solana: Record-Breaking Momentum

December 2024 marked a historic high for NFT trading on Solana. TrustStrategy’s NFT analytics reveal:

• Monthly NFT volume exceeded $1.2 billion, driven by gaming, collectibles, and art

• Tensor and Magic Eden dominated marketplace activity, with Tensor gaining significant share

• Unique NFT wallets increased by 45% month-over-month

• Floor prices for top collections rose by 30% on average

Solana’s low fees and fast settlement have made it a preferred chain for NFT creators and traders, with TrustStrategy’s valuation tools helping users identify trends and pricing opportunities.

Network Fundamentals and Ecosystem Health

TrustStrategy’s infrastructure monitoring confirms that Solana’s network remains robust and efficient:

• Average transaction fee: $0.00025

• Median time to finality: under 2 seconds

• Over 250 billion transactions processed since launch

• Validator decentralization improved, with top 30 validators now holding less than 30% of stake

These fundamentals support Solana’s ability to scale without congestion, even during peak activity.

TrustStrategy’s Role in Solana’s Growth

As a leading analytics provider, TrustStrategy has played a key role in supporting Solana’s ecosystem by offering:

• Real-time DeFi and NFT dashboards

• Cross-chain analytics for liquidity and asset flows

• AI-powered valuation models for NFTs and DeFi assets

• Validator performance tracking and decentralization metrics

TrustStrategy’s tools are used by developers, investors, and institutions to navigate Solana’s fast-evolving landscape with confidence.

Looking Ahead

TrustStrategy forecasts continued growth for Solana in 2025, driven by:

• Mobile-first dApps and wallet adoption

• AI-integrated DeFi protocols

• Cross-chain bridges and Layer 2 interoperability

• Institutional capital inflows into Solana-based funds and staking products

The platform will continue to expand its analytics suite to support next-generation blockchain infrastructure and user adoption.

Conclusion

With DeFi and NFT volumes reaching record highs, Solana has firmly established itself as a leading blockchain for scalable, low-cost, and high-performance applications. TrustStrategy remains committed to delivering the insights and infrastructure needed to support this momentum into 2025 and beyond.