Solana's bridges have achieved a significant milestone, reaching an all-time inbound volume of $10.1 billion as of Feb. 10, 2025, according to a data dashboard by analyst h4wk.
Solana's bridges have achieved a significant milestone, reaching an all-time inbound volume of $10.1 billion as of Feb. 10, 2025, according to a data dashboard by analyst h4wk.
This figure marks a 114% increase from the $4.7 billion total volume reported up to February 2024. The surge in bridge activity has been particularly pronounced from November 2024 to January 2025, during which time over $6 billion was recorded.
The USD Coin (USDC) emerged as the most commonly bridged asset within the Solana network, with an inbound volume of $3.9 billion and an outbound volume of $4.7 billion. Ether (ETH) followed, showing approximately $2 billion in both inbound and outbound volumes.
The native Solana token (SOL) also contributed, with $1.5 billion inbound and $1 billion outbound.
Wormhole, the primary bridging platform for Solana, has facilitated $7.3 billion in total volume. However, it has faced a slight decline recently, as competitor deBridge has begun to gain traction, exceeding Wormhole by 12% in weekly volumes as of February.
Despite these gains, Solana's bridge volumes remain significantly lower than those of the Ethereum network. In the same period, Ethereum bridges reported a robust volume of $38 billion. Throughout 2024, Ethereum maintained strong performance, with its lowest monthly volume recorded in April at $5.1 billion.
Data from DefiLlama indicates that Solana's bridges experienced relatively low activity during the first 10 months of 2024.
However, the upward trend beginning in November has led to monthly volumes of $1.1 billion in November, $2.5 billion in December, and $3.2 billion in January, showcasing a marked increase in user activity on the platform.
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