Thread by @0xGumshoe

Solana season is said to be over, it can't pump more

Yet, it has solidified itself as the best chain on a lot of relevant metrics

Lets talk data:

Usage Increasing

Solana adoption has exponentially grew since late 2023, with the use of Priority Fees skyrocketing, fueled by the memecoin mania and the series of airdrops like JUP and JTO

Stablecoin Transactions

A dashboard from @Visa shows that Total Stablecoin Transactions size on Solana is the largest (by far) when compared with other blockchains

DEX Volume

Solana DEX Volume is at large multiples of what it was in the last years

Monthly Volume is now on average 18X higher than in 2023 and 2022.

Active Addresses

Solana's Monthly Active Addresses are at peak bull market levels,

Note that this is a metric that can be easily skewed due to low fees and bot activity

TVL

Total Value Locked grew from $210M to $4B since August of last year.

Interesting to note that it keeps growing even when the SOL Price is stagnant, signalling inflows of capital to DeFi protocols

TVL has also been up only in SOL terms

Memecoins

Solana has seen most of the explosive on-chain activity in this bull run, with coins like BONK, WIF, WEN, POPCAT and more seeing thousands of X worth of gains

This will not stop just because some influencers say it's over

Airdrops

The Solana ecosystem has seen several waves of liquidity from airdrops, adding billions of $ to its users.

JTO, JUP, W, PARCL, TNSR and many more, with more to come.

Payments

Solana is the payments chain and @stripe knows it.

DePIN, AI, Memes, DeFi, Gaming are happening on Solana

VCs, Funds, Influencers, CT, Normies are all still largely underexposed to SOL and it shows when you have bluechip projects raising $5M vs Ethereum projects raising $50M and more easily

It can pump much more.

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Thank you!

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Tomorrow 👇