Solana’s 5th Birthday Celebration

Although Sunday is typically a quiet day, March 16 marks a significant anniversary in the cryptocurrency world. Five years ago, Block 0 was created on the Solana blockchain, making this date a birthday for SOL.

This notable occasion has been acknowledged by Solana’s founders, Raj Gokal and Anatoly Yakovenko. Gokal reflected on the global situation five years ago, during lockdowns when many projects were getting canceled. He encouraged those starting new ventures by saying, “If we could launch then, you can launch now,” emphasizing the importance of creating something meaningful.

Yakovenko also congratulated the community on Solana’s birthday, asserting that the project is progressing well in terms of its blockchain capabilities.

> Happy solana 0 block day to all those who celebrate!
> Twitter Link
> — toly 🇺🇸 (@aeyakovenko) March 16, 2025

Currently, Solana holds over $8.5 billion in total value locked in DeFi protocols, ranking second behind Ethereum. Notably, Solana outperforms Ethereum in fees and revenues, often by two to three times. SOL, the native token of Solana, is valued at $65.5 billion, and reached a peak market cap of $127.5 billion this year.

What the future holds for Solana (SOL) remains uncertain, but the last five years have been significant for the blockchain project.