L1 · NON-EVM

Solana

High-throughput L1 with sub-second confirmation, driving DeFi and consumer apps in 2026.

Solana's combination of high throughput (5000+ TPS sustained), sub-cent fees and 400ms block times has made it the default chain for consumer-grade payments, DePIN and high-frequency DeFi. Stablecoin supply doubled in 2024-2025 as Visa, Stripe and Coinbase Agent Payments built on USDC-on-Solana.

Official site Block explorer Updated today
Live metrics
Updated 1d ago
Stablecoin supply
$18.5B
DeFi TVL
$9.8B
Daily transactions
65M
Active addresses 24h
3.1M
Validators
1,540
Stablecoin supply on this chain · 90d Updated today
$15.2B
Source: DeFiLlama
24h
-0.05%
7d
+0.35%
net+$53.2M
30d
-2.54%
net−$395.5M
inflow 7d$451.1M
outflow 7d$397.8M
Technical profile

Technical profile

Native token
SOL
Consensus
Proof-of-Stake + Proof-of-History (Tower BFT)
VM
Sealevel (parallel BPF runtime)
EVM compatible
No
Block time
0.4s
Finality
~13 seconds (32 confirmations)
TPS (typical / max)
4,500 / 65,000
Avg fee
< $0.01
Launched
Mar 16, 2020
Foundation and contributors

Foundation and contributors

Foundation
Solana Foundation (Zug, Switzerland) + Anza
Country of origin
United States (Solana Labs)
Core contributors
Solana FoundationAnzaFiredancer (Jump Crypto)Solana LabsHeliusTriton
Stablecoins on this chain

Stablecoins on this chain

Symbol
Supply
Contract
USDC
$13.4B
EPjFWdd5…yTDt1v
USDT
$4.1B
Es9vMFrz…enwNYB
PYUSD
$470.0M
—
USDE
$320.0M
—
FDUSD
$200.0M
—
Timeline

Timeline

  1. Mar 16, 2020
    Solana mainnet beta

    Anatoly Yakovenko's PoH-based chain launches.

  2. Oct 22, 2020
    Circle launches USDC on Solana

    USDC deployment kicks off Solana's stablecoin growth.

  3. Sep 30, 2022
    Network outage (17 hours)

    Validator software bug halts the chain; one of several 2021-2022 outages.

  4. Aug 15, 2023
    QUIC transport rollout

    QUIC replaces UDP, dramatically improving network reliability.

  5. Nov 20, 2024
    Firedancer testnet

    Jump Crypto's high-performance validator client begins testnet rollout.

  6. Sep 12, 2025
    Agave 2.0 mainnet

    Rewrite of Solana Labs' validator client with massive perf improvements.

Ecosystem

Ecosystem

Notable projects
  • Jupiter (DEX aggregator)
  • Phantom (wallet)
  • Jito (MEV/liquid staking)
  • Kamino (lending)
  • Drift (perps)
  • Pump.fun (memecoin launcher)
  • Helium (DePIN)
  • Hivemapper (DePIN)
Bridges and interop

Bridges and interop

WormholedeBridgeMayanAllbridgeCircle CCTPLayerZero
Best for

Best for

  • ›High-frequency DeFi (perps, DEXs)
  • ›Consumer payments (Visa, Stripe USDC pilots)
  • ›AI agent payments (x402-on-Solana)
  • ›DePIN networks (Helium, Render)
  • ›NFTs and creator economies
Risk notes

Risk notes

  • ● History of network outages (mostly pre-2024)
  • ● Validator hardware requirements are high
  • ● Centralization of MEV flow through Jito
Resources

Resources

More on Solana

For cross-chain context, deeper dives and stablecoin-specific analysis, see the blog and the stablecoins index.