Solana's Bridge Platforms Surpass $10.1 Billion in Inbound Volume

Solana's bridge platforms have seen significant growth, surpassing $10.1 billion in inbound volume since 2021, with USDC, ETH, and SOL leading the way. Wormhole remains the top platform, but deBridge is gaining traction. Despite this growth, Solana's volumes are still modest compared to Ethereum's $38 billion.

Published on 2025-02-14

Solana's Bridge Platforms See Significant Growth

Solana's bridge platforms have reached a milestone, surpassing $10.1 billion in inbound volume since 2021, marking a 114% increase from February 2024. This growth underscores the expanding role of Solana in the cryptocurrency ecosystem.

Leading Assets on Solana Bridges

USDC dominates Solana's bridges with $3.9 billion inbound and $4.7 billion outbound. ETH follows with $2 billion in both directions, while SOL records $1.5 billion inbound and $1 billion outbound.

Competition Among Bridge Platforms

Wormhole leads with $7.3 billion in volume, though its usage has slightly declined. deBridge is rising, overtaking Wormhole by 12% in weekly volumes in February.

Recent Surge in Activity

Between November 2024 and January 2025, Solana bridges saw over $6 billion in volume. Monthly volumes peaked at $3.2 billion in January, reflecting increased activity.

Comparison with Ethereum

Despite Solana's growth, its bridge volumes remain modest compared to Ethereum's $38 billion. Ethereum's volumes stayed robust, with the lowest month at $5.1 billion in April 2024.

This summary highlights Solana's progress and its position relative to Ethereum, emphasizing the dynamic nature of the cryptocurrency bridging landscape.

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