Mercuryo: interest in the Solana blockchain is increasing

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Since the beginning of 2025, it seems that Tether (USDt) based on Solana is experiencing extreme volatility, suggesting an increase in interest from traders, states Mercuryo. At the same time, on March 16, the Solana blockchain celebrated its fifth birthday. 

Mercuryo and the extreme volatility of Solana-based USDT: an increase in interest from traders? 

Mercuryo, global payment infrastructure platform, states that, since the beginning of the year, the Solana blockchain may have captured more interest among its traders. 

Specifically, Mercuryo highlighted that in these early months of 2025, extreme levels of volatility have occurred in the trading of Tether (USDT) Solana-based. 

In fact, in the week of January 13, there was a spike of 100%, then a drop of 63% around January 20, followed by a recovery of 129% on January 27. Last month, the trend was a crash of 61% on February 10, only to spike again by 137% on February 24. 

For better or worse, this continuous trading activity reflects an explosion of interest in the various opportunities that Solana offers, both regarding USDT and also other Solana-based tokens. 

In this regard, Greg Waisman, co-founder and COO of Mercuryo, commented as follows:

“Solana captures the interest of cryptocurrency traders from all over the world. As Solana celebrates its fifth birthday, our data on Tether token transactions on Solana’s transport layer suggests an unprecedented level of trading activity, in an explosion of interest for trading opportunities on Solana that we have seen in the last 12 months”.

Solana and its fifth birthday 

Sunday, March 16, 2025, Solana celebrated its fifth birthday, sharing some of its current numbers on X: 

Source

“Happy 5th birthday Solana fam! 408+ billion transactions. Over 1,300 validators. Volume of over 987 billion dollars. Thanks to all the tireless founders, developers, and nCMO from around the world who have made Solana what it is today – after 5 years, we have just begun”

Solana was born with the creation of the genesis block on March 16, 2020, and has become one of the most active blockchain networks by transaction volume.  

Thus, while Solana (SOL) was born 5 years ago, the USDt token on Solana blockchain, on the other hand, arrived the following year.

This means that Solana has been available from the start to facilitate the development of high-speed and low-cost usage Apps, including those of DeFi (the dApps). 

Mercuryo: the increase in interest and the growth of the Solana ecosystem

Beyond USDt on Solana, Mercuryo then described the ongoing interest in the blockchain also for memecoin. For example, since the beginning of this year, many traders holding SOL have decided to purchase dogwifhat (WIF) and Bonk (BONK). 

Not only that, Mercuryo also highlights that Pump.fun, a platform used to create memecoins, generated more than 540 million dollars in revenue over the past year, sometimes even surpassing Ethereum over 24-hour intervals. 

In the meantime, just like the general trend of crypto, SOL is also experiencing a bear market. 
At the time of writing, SOL is worth $124, a dump of -36% compared to a month ago, and even further down compared to the $258 reached on January 23, 2025.

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