As Solana marks its fifth anniversary, new insights from a global payments infrastructure platform reveal significant volatility in Tether trading on the Solana transport layer this year.
These drastic price fluctuations signal a rising interest among crypto traders in Solana (SOL), which has established itself as one of the most active blockchain networks in terms of transaction volume.
Solana’s genesis block was created on March 16, 2020. In its five years of existence, the network has managed to process over 408 billion transactions alongside nearly $1 trillion in trading volume on decentralized exchanges, solidifying its position as a key player in the layer-1 blockchain arena.
Since its inception, Solana has emerged as one of the leading layer-1 blockchains, thanks to its impressive speed and low transaction costs. Its capability to manage large transaction volumes with minimal fees has made it a favored platform for traders who prioritize quick execution and ample liquidity.
Tether’s volatility signals robust market interest
Data indicates that Tether USDT trading on Solana has experienced heightened volatility in early 2025, as traders adjust their strategies to take advantage of shifting market dynamics. Notable price swings include:
- 100% increase (week of Jan 13)
- 63% drop (Jan 20)
- 129% recovery (Jan 27)
- 61% drop (Feb 10)
- 137% increase (Feb 24)
“Solana captures the attention of crypto traders worldwide,” stated a Co-founder and COO at the payments platform. “As Solana celebrates its fifth anniversary, our transaction data concerning Tether tokens on the Solana transport layer indicates an unprecedented level of trading activity amid a surge of interest in trading opportunities on Solana that we’ve observed over the last year.”
Meme coins drive up trading levels
A significant factor contributing to the increase in Solana’s trading volume is the rising popularity of meme coins. Holders of Solana have been utilizing the token to purchase meme coins like dogwifhat (WIF) and Bonk (BONK).
In addition, Pump.fun has generated over $540 million in revenue in the past year, with its trading volume frequently exceeding Ethereum’s during 24-hour periods over the last year. This trend clearly highlights Solana’s growing influence in the meme coin sector.