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Solana 
$200, a competitor to Ethereum 
$2,656, experienced a remarkable increase in total value locked (TVL) by the end of Q4 2024. According to Messari’s report titled “State of Solana Q4 2024,” the TVL surged to $8.6 billion, reflecting a 64% rise compared to the previous quarter and an astounding 486% increase year-on-year. This milestone positions Solana significantly among blockchain platforms.
TVL Growth and Comparisons
The report highlights key indicators related to the growth of Solana’s TVL. TVL represents the total value of cryptocurrencies locked within smart contracts on the network. This growth is particularly noteworthy as Solana has surpassed other platforms, such as Tron, securing the second position. Following the FTX ($0.00) collapse, TVL had plummeted t…
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