Solana’s inbound bridge volume has achieved a significant milestone, reaching $10.1 billion since its inception in 2021. This marks a notable 114% increase from its previous total of $4.7 billion as of February 2024. A surge in activity from November 2024 to January 2025 contributed significantly to this growth, with over $6 billion in volume recorded during this period alone. In November, Solana bridges recorded $1.1 billion, followed by $2.5 billion in December, and reached $3.2 billion in January.
The Solana ecosystem’s most-bridged asset was the USD Coin (USDC), which accounted for $3.9 billion of the total inbound volume and $4.7 billion outbound. Ether (ETH) was the second most used, while Solana’s native token, SOL, came third.
The Wormhole platform remains the most-utilized bridge for Solana with a lifetime volume of $7.3 billion. However, competition has intensified, with deBridge overtaking Wormhole by 12% in weekly volumes in February alone.
Despite Solana’s impressive growth, its bridge volumes still fall short compared to Ethereum’s. Throughout 2024, Ethereum bridges recorded a total volume of $38 billion, with a low of $5.1 billion in April. Ethereum’s bridge volume remains robust, indicating its continued dominance in the blockchain space.
