Title: Solana’s Ascent: From Retail Darling to Institutional Powerhouse.
- Once viewed as a risky investment following the collapse of FTX, Solana (SOL) has made a remarkable comeback, emerging as one of the strongest performers in the latest crypto bull run. With its lightning-fast transaction speeds, minimal gas fees, and a rapidly expanding ecosystem, SOL has not only regained investor confidence but is now being hailed as a serious contender to Ethereum’s throne.
What’s driving this resurgence? Today, we delve into the surging on-chain activity within the Solana network. The network’s rapid growth underscores its game-changing potential. Join us as we explore the forces propelling Solana into the spotlight and assess its future prospects.

- Robust Liquid Staking Ecosystem: Another key narrative driving Solana's explosive growth is its strong liquid staking ecosystem. Liquid staking tokens (LSTs) have taken the lead in Solana's DeFi space, with Jito and Marinade being the top protocols. The total amount of SOL deposited in liquid staking derivatives more than doubled in 2024, with staked LSTs increasing from 163,827 to 1,031,932 — a remarkable 630% surge between June 1 and August 15.

Macro Strategist at BlockBase Venture: https://blockbase.co/

More information: https://insights.blockbase.co/author/phuc-duong/