Messari releases Solana Q4 2024 report, with Solana Q4 DeFi TVL reaching $8.6 billion (+64%), surpassing Tron to become the second largest public chain. On chain application revenue is $840 million (+213%), driven by Memecoin and AI token trading. The daily average DEX trading volume is 3.3 billion US dollars (+150%), Jupiter holds 38% market share, stablecoin market value is 5.1 billion US dollars (+36%), USDC holds 75%, USDT has increased to 912 million US dollars, liquidity collateral ratio is 11.2% (+33%), JitoSOL holds 34% market share. On the technical level, Agave V2.0 has been launched, 90% of the network has been upgraded, the Firefighter client has entered testing to improve scalability, ZK compression technology has been introduced to reduce gas costs. In terms of the market, SOL's market value reached 91 billion US dollars (+27%), briefly breaking through 120 billion US dollars. FTX sold 30 million SOLs at an average price of 102 US dollars. Visa expanded Solana USDC settlement, and Grayscale submitted a Solana ETF application. Solana's ecological growth is strong, and institutional adoption is accelerating. It is expected to further expand its market influence by 2025.