Solana’s Stunning Streak: Outage-Free for a Whole Year! 😲

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Hold onto your hats, folks! 🎩
Solana (SOL) has been defying gravity and gravity-defying expectations. Why, you ask? Well, buckle up, because they’ve gone a whole year without a single outage!

Remember when Solana was the laughing stock of the crypto space? 😂 Block production halts, hours-long naps, critics whining about it being a centralized hot mess? Yeah, those days are over.

The last major hiccup lasted 4 hours and 46 minutes, which, in blockchain time, is like an eternity. But guess what? They’ve been incident-free for a whole year! 💃

And let me tell you, Solana hasn’t been resting on its laurels. Oh no, they’ve been busy bees! Total value locked (TVL) in the network has skyrocketed by 548%, hitting a peak of $14.25 billion. 📈

Messari’s data shows that total application revenue on Solana jumped by 213% in the last quarter of 2024, from $268 million to $840 million. November alone pulled in $367 million for applications running on the blockchain. 💰

It’s not just about the numbers 📊

SOL has been outpacing its biggest competitors in key areas. For three quarters straight, applications on the network have generated more revenue than its Real Economic Value (REV), hitting $840 million against $819 million. 💼

Solana has climbed to the number two spot in DeFi TVL, closing the quarter at $8.6 billion – an increase of 213% in the last three months. Liquid staking is growing too, with 11.2% of SOL now in liquid staking. 💧

So, what’s next? A year of stability is great, but expectations are higher than ever. If Solana can keep this up, they might just shake off their old reputation for good. But in crypto, nothing stays the same for long. 🌪️

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2025-02-06 18:34