Solana (SOL) Mainnet Turns Four: Key achievements

Despite much controversy and heated debates around availability, scaling, reliability and UX, Solana SOLUSD is an inevitable part of the global blockchain scene and a critical element of the dApps segment.

Solana SOLUSD celebrates Genesis Day: Mainnet transactions kicked off four years ago

Four years ago today, on March 16, 2020, Solana SOLUSD, a major smart contracts platform, started its mainnet operations. As such, the Solana SOLUSD community is celebrating Genesis Day for the fourth time.

🎉Happy Genesis Day 2024 to all who celebrate!🎉

276+ billion transactions.

1600+ validators.

254+ million blocks.

Thank you to all the builders around the globe who have made Solana what it is today — 4 years in, we're just getting started🫡 pic.twitter.com/3lV0eR2yxk— Solana (@solana) March 16, 2024

As per the celebration announcement shared by Solana Foundation, the blockchain processed 254 million blocks that included 276 billion transactions. As of printing time, the blockchain decentralization is safeguarded by over 1,600 validators.

Solana SOLUSD is home to 248 decentralized applications (dApps), DappRadar tracker says. The Jupiter exchange and Raydium are the largest DeFis in terms of trading volume.

SOL, the core native cryptocurrency and gas asset of the Solana SOLUSD blockchain, remains the fifth largest crypto by market capitalization. Valued over $85.5 billion, Solana SOLUSD exceeds XRP, its closest competitor, by over 150%.

Also, Solana SOLUSD is responsible for a significant part of the global DeFi TVL metric. Investors locked over $4 billion in Solana's DeFis so far.

2024 might be year of Solana SOLUSD, here's why

As such, Solana SOLUSD is the fourth largest blockchain by TVL, only surpassed by Ethereum ETHUSD, Tron TRXUSD and BNB Smart Chain (BSC).

In 2024, Solana SOLUSD is frequently called one of the most obvious potential beneficiaries of the starting bull run. It is entering the rally without ties to the infamous FTX/Alameda ecosystem. Also, it managed to attract airdrop farmers and meme coin enthusiasts in Q4, 2023.

At the same time, for a large part of the cryptocurrency community, Solana SOLUSD remains the only viable alternative to the EVM ecosystem despite being criticized for periodical outages.