Solana Surges Past Ethereum in Developer Growth, Payments, and DeFi, Says 21Shares
- Solana's weekly decentralized exchange volume reached $35.6 billion in May 2025, marking its strongest performance in more than two months.
- This growth follows a prolonged slowdown and benefits from rising investor confidence amid a broader crypto market rally.
- Supporting the surge, Solana's total value locked increased 58% to roughly $22.1 billion, and its SOL token price rose over 40% to hit around $178.
- On-Chain metrics reveal that over the past two weeks, wallets containing at least 0.1 SOL increased to 11.04 million, indicating heightened adoption and engagement within the network.
- These trends indicate a strong recovery for Solana's ecosystem with prospects of further price gains, though some analysts expect potential short-term pullbacks.
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14 Articles
Mango Network Announces Expansion to Solana: First Multi-VM Blockchain Adds Support for Solana Virtual Machine (SVM)
Mango Network, the pioneering fully on-chain blockchain infrastructure supporting a Multi-VM architecture, is expanding to the Solana ecosystem by integrating the Solana Virtual Machine (SVM). This major development addresses one of Web3’s most pressing challenges—liquidity fragmentation across blockchains—and positions Mango Network as the first public chain to natively support MoveVM, EVM, and now SVM within a unified, interoperable environmen…


Solana Surges Past Ethereum in Developer Growth, Payments, and DeFi, Says 21Shares
In just the first two months of 2025, Solana recorded $364 billion in transaction volume—more than both Ethereum and Coinbase combined. The network now supports over 100 million monthly active users, driven by its lightning-fast performance (sub-second finality) and ultra-low fees (under $0.01). Key institutional players have taken notice. Visa, Shopify, and Stripe are actively settling stablecoin transactions on SOL, while PayPal and First Digi…
11 Best Solana NFT Marketplaces in 2025
Solana NFT marketplaces offer amazing features like fast transaction speed, low transaction cost, storage efficiency, and interoperability – to mention a few. Because of some of these characteristics, many NFT enthusiasts are beginning to favor Solana-based NFT marketplaces over their more popular Ethereum counterparts. Let’s dive into it! In this guide:1. Magic Eden2. SolSea3. Solanart4. Metaplex5. DigitalEyes6. OpenSea7. Artz8. SUPADROP9. SolP…


Solana’s speed, fees, and partnerships position it as the backbone of onchain payments
Digital assets manager 21 Shares said Solana has the potential to become the center of online transactions. In the latest State of Crypto report, the firm noted that Solana outperformed Coinbase and Ethereum in transaction volume in the first two months of 2025. According to the report, Solana processed $364.34 billion in transaction volume in January and February 2025, enough to put it ahead of Coinbase and Ethereum. Only Nasdaq, with $647.36 b…


Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst
Solana has rallied more than 22% since last Thursday, riding the wave of renewed bullish momentum across the broader crypto market. As Bitcoin pushes toward all-time highs and Ethereum breaks key resistance levels, Solana has followed suit with impressive strength. The price surged to a local high of $181 before encountering resistance, where it now... The post Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst appea…
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