Solana’s Fifth Anniversary and Increased USDt Trading Volatility

Solana, which is now commemorating its fifth year after the creation of its genesis block on March 16, 2020.
The data from Mercuryo demonstrates that there are considerable increases in volatility in USDt trading on the Solana transport layer.

Today, Mercuryo, a global payments infrastructure platform, announced data showing exceptional volatility in Tether tokens (USDt) trading on the Solana transport layer this year. This indicates that the leading layer-1 blockchain is attracting cryptocurrency traders’ attention.

As Solana celebrates its fifth anniversary, it has become one of the busiest blockchain networks, processing a significant volume of transactions. The data reveals notable volatility in USDt trading:

• 100% surge (week of Jan 13)
• 63% drop (Jan 20)
• 129% recovery (Jan 27)
• 61% plunge (Feb 10)
• 137% spike (Feb 24)

Greg Waisman, Co-founder and COO at Mercuryo stated:
> “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.”

Interest in meme coins has surged, particularly as holders of Solana (SOL) can use it to acquire tokens like dogwifhat (WIF) and Bonk (BONK). The platform Pump.fun, which enables users to create meme coins, has generated over $540 million in revenue in the previous year and occasionally outperformed Ethereum in 24-hour revenue.

Since its inception on March 16, 2020, Solana has processed over 408 billion transactions and approximately one trillion dollars’ worth of value on decentralized exchanges, establishing itself as a leading layer-1 blockchain.

Mercuryo is a pioneer in the evolving Web3 domain, providing diverse payment options and a smooth integration with the blockchain. Their user-friendly solutions ease the entry into digital tokens, specializing in efficient fund movement within the DeFi ecosystem, while integrating various payment methods in one interface.