PANews reported on February 5 that Messari released Solana's 2024 Q4 report. Solana's Q4 DeFi TVL reached $8.6 billion (+64%), surpassing Tron to become the second largest public chain. On-chain application revenue was $840 million (+213%), driven by Memecoin and AI token transactions. The average daily DEX trading volume was $3.3 billion (+150%), Jupiter accounted for 38% of the market share, the stablecoin market value was $5.1 billion (+36%), USDC accounted for 75%, USDT increased to $912 million, the liquidity pledge ratio was 11.2% (+33%), and JitoSOL accounted for 34% of the market share. On the technical level, Agave V2.0 was launched, 90% of the network has been upgraded, the Firedancer client entered testing, improved scalability, and ZK compression technology was introduced to reduce Gas costs. In terms of the market, SOL's market value is $91 billion (+27%), briefly exceeding $120 billion, FTX sold 30 million SOL at an average price of $102, Visa expanded Solana USDC settlement, and Grayscale submitted an application for Solana ETF. Solana's ecosystem is growing strongly, institutional adoption is accelerating, and it is expected to further expand its market influence in 2025.