Solana's impressive end to 2024 is highlighted by a notable surge in Total Value Locked (TVL), reaching $8.6 billion—an annual growth of 486%. Its quarterly growth also stood at a formidable 64%, placing it as the second-leading blockchain after surpassing Tron.
Messari's most recent data indicate that Solana TVL totally exploded in Q4 2024, so completing the year in style. TVL on Solana climbed to $8.6B, an amazing 486% increase from year before. Moreover, the quarter-on- quarter increase rate came out to be rather outstanding—64%. Solana now ranks second among blockchains after exceeding Tron in December and amassing an incredible TVL in 2024. Solana is on a roll in terms of blockchain development whether it comes to the meme coin niche (with Pump.fun) or distributed finance (DeFi) generally.
With its growing presence in sectors like meme coins and decentralized finance (DeFi), Solana's development momentum remains strong. Investors looking to capitalize on this growth might find the following five altcoins worth considering as the Solana bull run approaches, analysts say.
MIND of Pepe (MIND) – Autonomous AI with Hive-Mind Capabilities
MIND of Pepe is a self-evolving AI agent that expertly navigates the crypto market's complexities to identify valuable cryptos. It operates autonomously, managing its own X account and running blockchain applications.
The presale managed to raise over $5.7 million, with MIND priced at $0.0033055, signaling robust interest among crypto enthusiasts.
Best Wallet Token (BEST) – From the Leading Crypto Wallet
As the native token of the popular Best Wallet, $BEST aims to claim 40% of the non-custodial wallet market by enhancing efficiency and user-friendliness. Token holders enjoy reduced transaction fees and governance rights. With the presale raising $9.5 million, BEST is available at $0.02395.
Solaxy (SOLX) – Ideal for First-Time Investors on Solana
Solaxy is gaining attention as a promising meme coin for 2025, being the native token of a new Solana Layer-2 network. Despite Solana's competitive standing amongst giants like Ethereum, its infrastructure faces scaling challenges. SOLX aims to address these issues with fast transaction processing.
The ongoing presale has already raised over $19 million, presenting a lucrative opportunity with expected listing gains and 208% staking rewards. Currently, SOLX is available at $0.001632.
Fartcoin (FARTCOIN) – Novelty Meme Coin with Strong Gains
Fartcoin combines humor and crypto by rewarding users with tokens for submitting jokes. Originating from an AI chatbot suggestion, this humorous token has nonetheless established itself, with gains of 942% over the past year. FARTCOIN is currently moving at $0.61.
ai16Z (AI16Z) – Pioneering AI and Blockchain on Solana
The ai16Z token signifies a groundbreaking integration of AI within blockchain, forming the first AI-led decentralized autonomous organization. It promises efficient market research for optimal crypto investments. Despite its presale conclusion, $AI16Z remains appealing due to its listing on major platforms like Bybit and KuCoin, trading at $0.589.
Final Thoughts
While these altcoins show potential, the inherent volatility of the crypto market necessitates cautious investment strategies. Evaluate your financial capability and conduct thorough research before venturing into cryptocurrency investments. This overview does not replace professional financial advice.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.