**Solana Bridge Volume Surges to All-Time High of Over $10 Billion**
Solana’s all-time bridge volume has surpassed $10.1 billion, more than doubling its total volume from February 2024, which stood at $4.7 billion. The surge in bridging activity reflects the increasing adoption of Solana’s ecosystem for cross-chain transactions.
**Late-Year Surge in Solana’s Bridge Volume As Wormhole Leads With deBridge Gaining Momentum**
According to a Flipside data dashboard by analyst @h4wk10, Solana’s crypto bridges reached a total volume of $10.1 billion as of February 10, 2025. Among the bridged assets, USD Coin (USDC) dominated, with a $3.9 billion volume inflow and a $4.7 billion outflow.
Ether followed with approximately $2 billion in inbound and outbound transactions, while Solana’s native asset SOL recorded $1.5 billion in inbound and $1 billion in outbound volume. Wormhole remained the most-used bridging platform within the Solana ecosystem, accounting for $7.3 billion in all-time volume. However, the platform has slightly declined over time, allowing deBridge to gain ground. In February 2025, deBridge’s weekly volumes overtook Wormhole’s by 12%, reflecting increased competition in the Solana bridging space. Data from DeFiLlama revealed that Solana’s bridge volume was relatively low during the first ten months of 2024. However, the network witnessed a surge from November 2024 to January 2025, contributing over $6 billion in volume. Despite this growth, Solana’s bridge volume remained much lower than Ethereum’s. Over the same period, Ethereum’s bridge volume reached $38 billion, with its lowest monthly performance recorded in April 2024 at $5.1 billion.
**DEX Activity and Stablecoin Supply See Record Growth**
Alongside the surge in bridge volume, Solana’s decentralized exchanges (DEXs) also experienced heightened activity. As of February 11, 2025, DeFiLlama data showed that Solana’s DEX trading volume had reached approximately $59.55 billion for the month. This positioned Solana well ahead of Ethereum, which had recorded only $34.75 billion in trading volume during the same timeframe. Solana’s total stablecoin supply has reached a record high, surpassing $11 billion for the first time.
DeFiLlama data indicates that the value of stablecoins on the Solana network has surged nearly 110% since January 2025, rising from $5.1 billion to $11.7 billion. In comparison, Ethereum currently holds $115 billion in stablecoins, while BNB Chain, Base, and Arbitrum hold $7 billion, $3.8 billion, and $3.1 billion, respectively. The majority of this growth has been driven by the issuance of Circle’s USDC on the Solana network. On-chain data reveals that Circle has minted approximately $6 billion worth of USDC on Solana this year, further cementing the blockchain’s position as a leading player in the DeFi space. As competition among blockchain networks intensifies, liquidity is increasingly drawn toward ecosystems that offer speed, cost-efficiency, and strategic integration. Solana’s latest milestones suggest it is capitalizing on these factors, but as always in crypto, nothing remains static. The real winners will be those who can adapt as market conditions evolve.
