Solana experienced significant growth in its on-chain GDP in the fourth quarter of 2024, reaching a total of $840 million. This growth was driven by the activity of Pump.fun and bots, with traffic flowing into the top decentralized exchange (DEX). The main Solana network operates at a loss, as the biggest expense is the payouts to validators. Despite the increased activity, the main chain posted a loss each month. SOL issuance also increased, boosting the payouts to validators. SOL burns reached a peak due to the launch of the Trump (TRUMP) token. Solana is now ahead of Ethereum in terms of L1 revenues for the past 90 days. The chain is also growing its high-liquidity DEX pairs and DeFi protocols. Bot activity on Solana increased significantly, with Trojan being the top-performing bot. Solana's market prices are still considered low, with SOL trading at $202.63 and Raydium (RAY) at $5.50.



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