• On March 16, 2020, the first block was mined on the Solana network.
• Since its launch, the blockchain has generated over 254 million blocks.
• The project team noted that during its existence, Solana has processed more than 276 billion transactions.

Exactly four years ago, the genesis block was generated on the Solana network. This happened on March 16, 2020.

During its existence, the network has processed over 276 billion transactions, and the number of mined blocks has exceeded 254 million, the project team noted. At the same time, there are over 1,600 validators operating in the Solana network. 

Over the past three months, the SOL token has gained 166%, according to TradingView . Over the past week, that figure has increased by 35%. At the time of writing, Solana is trading at $195, with a market cap of $86.3 billion.

On March 15, 2024, it became known that the Binance cryptocurrency exchange integrated the Solana network into its Web3 Wallet product. Now users will be able to send and trade SOL tokens and gain access to EVM-compatible blockchains, the Bitcoin network, and Cosmos, the press release notes.

It is worth noting that from March 8 to April 8, 2024, the Solana Renaissance online hackathon is taking place on the Colosseum platform with a prize fund of over $4 million.

The top fifteen teams from the event will be placed in an acceleration program aimed at further advancing them in the Solana network and Web3 industry. Participants will receive pre-seed funding of $250,000 and the opportunity to pitch their project to venture firms, Colosseum representatives emphasized.

Let us recall that we wrote that the total volume of NFT sales in the Solana network exceeded $5 billion.