Layer-1 blockchain Solana is marking its fifth anniversary since launching its mainnet in 2020. Over the years, it has become one of the most active blockchain networks by transaction volume and is among the few cryptocurrencies proposed for inclusion in a US digital asset reserve.
Since the first Solana block was built on March 16, 2020, the network has processed more than 408 billion transactions and nearly $1 trillion worth of value on decentralized exchanges — establishing itself as one of the industry’s leading layer-1 blockchains.
Source: Solana
Here are some of the Solana ecosystem’s most notable milestones since it was launched by Solana Labs CEO Anatoly Yakovenko and Solana co-founder Raj Gokal to the public in 2020.
Solana was born just as the COVID-19 pandemic hit
While Solana’s origins can be traced back to late 2017 when Yakovenko released a white paper outlining a timekeeping method for blockchains called