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Solana Foundation Targets Role as Core Platform for Internet Finance

President Lily Liu outlines 2024 milestones, with multi-billion-dollar app revenue, rapid TPS, minimal fees, and expanding developer activity positioning Solana for global financial infrastructure.

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Summary

Solana Foundation President Lily Liu reaffirmed the organization's goal of serving as global financial infrastructure. In 2024, Solana-based applications generated $3.3 billion in earnings and raised $8.9 billion, while 7,500 new developers joined and over 2,000 applications were launched. The network consistently exceeded 1,000 transactions per second (TPS) with average fees of $0.0005, performance comparable to Visa and Nasdaq. These metrics highlight Solana’s growth and competitiveness in supporting large-scale financial activity.

Terms & Concepts
  • TPS (Transactions Per Second): A measure of the number of transactions a blockchain network can process each second, indicating its scalability and efficiency.
  • Public Blockchain: A decentralized, open network that allows anyone to participate in transaction validation and network governance without permission.
  • Solana Ecosystem: The network of applications, developers, and projects built on the Solana blockchain, known for high throughput and low transaction fees.