Solana’s crypto bridges are seeing explosive growth, with total inbound volume surpassing $10.1 billion as of Feb. 10, 2025, which is a 114% jump from the $4.7 billion recorded in February 2024, signaling a huge wave of activity on the network.
According to blockchain analyst h4wk on Flipside, USD Coin (USDC) is the most bridged asset on Solana, bringing in $3.9 billion in inbound volume and $4.7 billion outbound. Ether (ETH) follows with $2 billion in bridge volume, while Solana’s native token (SOL) recorded $1.5 billion inbound and $1 billion outbound.
Wormhole has been the go-to bridge for Solana for years, processing $7.3 billion in total volume. But the landscape is shifting, and deBridge is gaining traction, even surpassing Wormhole’s weekly volumes by 12% in February.
Solana’s bridge activity was relatively low for most of 2024, but things exploded between November and January. In just three months, bridges moved over $6 billion in volume, $1.1 billion in November, $2.5 billion in December, and $3.2 billion in January.
Still, Solana has a long way to go before catching up to Ethereum, which remains the leader in cross-chain transfers. In the same timeframe, Ethereum Bridges processed $38 billion, with its lowest monthly volume in April 2024 still hitting $5.1 billion, higher than Solana’s biggest month.
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