London – As Solana marks its fifth anniversary, new data from global payments platform Mercuryo reveals volatility in Tether (USDt) trading on the network, signaling heightened interest from crypto traders.
Since its launch on March 16, 2020, Solana has become one of the most active layer-1 blockchains, processing massive transaction volumes. Mercuryo’s latest insights show USDt trading on Solana has seen dramatic swings, reflecting shifting market positions and a growing appetite for trading opportunities:
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USDt Trading Volatility on Solana
100% surge (week of Jan 13)
63% drop (Jan 20)
129% recovery (Jan 27)
61% plunge (Feb 10)
137% spike (Feb 24)
“Solana captivates the interest of crypto traders across the globe. As Solana celebrates its fifth birthday, our transaction data on Tether tokens on the Solana transport layer suggests an unparalleled level of trading activity amid an explosion of interest in trading opportunities on Solana that we’ve seen over the past 12 months.”
Greg Waisman, Co-founder & COO of Mercuryo
Meme Coins and Solana’s Expanding Influence
Beyond stablecoin trading, Solana has become a hub for meme coin speculation. Holders of Solana (SOL) have driven demand for tokens like dogwifhat (WIF) and Bonk (BONK), fueling explosive growth on platforms like Pump.fun, which has generated over $540 million in revenue—even surpassing Ethereum’s 24-hour volumes at times.
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The Solana network has processed more than 408 billion transactions and facilitated nearly $1 trillion in decentralized exchange trading volume—establishing itself as one of the industry’s most dominant layer-1 blockchains.
For more insights, visit Mercuryo.io.
About Mercuryo
Mercuryo is an industry leader in Web3 payment solutions, offering seamless on-chain integration and capital flow management across the DeFi ecosystem. By bridging traditional finance with crypto, Mercuryo is simplifying digital payments for a new generation of users.
