Online reported that on February 5, Messari released Solana's 2024 Q4 report. Solana Q4 DeFi TVL reached US$8.6 billion (+64%), surpassing Tron to become the second largest chain, with on-chain application revenue of US$840 million (+213%), driven by Memecoin and AI token transactions. The average daily DEX trading volume was US$3.3 billion (+150%), Jupiter accounted for 38% of the market share, the market value of stablecoins was US$5.1 billion (+36%), USDC accounted for 75%, USDT increased to US$912 million, and the liquidity pledge ratio was 11.2%(+33%). JitoSOL accounted for 34% of the market share. At the technical level, Agave V2.0 has been launched, 90% of the network has been upgraded, the Firedancer client has entered testing to improve scalability, and ZK compression technology has been introduced to reduce Gas costs. In terms of market, the market value of SOL was US$91 billion (+27%), briefly exceeding US$120 billion. FTX sold 30 million SOL for an average price of US$102. Visa expanded SolanaUSDC settlement, and Grayscale submitted a SolanaETF application. Solana has strong ecological growth and accelerated institutional adoption, and is expected to further expand its market influence in 2025.