Solana's Inbound Bridge Volume Surges Over $10 Billion

According to Cointelegraph, Solana's inbound bridge volume has reached an impressive milestone, surpassing $10.1 billion since 2021. This marks a significant 114% increase from its total volume of $4.7 billion as of February 2024. The data, presented by analyst h4wk on a Flipside dashboard, highlights the growing activity within Solana's crypto bridges. USD Coin (USDC) emerges as the most-bridged asset within the Solana ecosystem, boasting an all-time inbound volume of $3.9 billion and an outbound volume of $4.7 billion. Ether (ETH) follows closely with approximately $2 billion in both inbound and outbound volumes. Solana's native asset, SOL, ranks third with $1.5 billion inbound and $1 billion outbound volume. The Wormhole bridge remains the most-utilized platform for bridging on Solana, with an all-time volume of $7.3 billion, although it has experienced a slight decline over time. This has allowed its competitor, deBridge, to gain ground, surpassing Wormhole by 12% in weekly volumes in February. Data from DefiLlama indicates that Solana's bridges experienced relatively lower volumes during the first ten months of 2024. However, a surge occurred from November 2024 to January 2025, with volumes exceeding $6 billion. In November alone, Solana bridges recorded a monthly volume of $1.1 billion, followed by $2.5 billion in December and $3.2 billion in January. Despite these impressive figures, Solana's bridge volumes remain modest compared to the Ethereum network, which recorded a staggering $38 billion in bridge volumes during the same period. Ethereum's bridge volume remained robust throughout 2024, with its lowest monthly performance in April, reaching $5.1 billion. The data underscores Solana's growing prominence in the blockchain space, although it still trails behind Ethereum in terms of bridge volume. As the blockchain ecosystem continues to evolve, Solana's increasing bridge activity reflects its expanding role in the broader cryptocurrency landscape.