Solana, the second-largest blockchain in the industry, recently celebrated its fifth anniversary since its genesis block was mined on March 16, 2020. To mark the occasion, Web3 infrastructure company Mercuryo released a study that shows the extreme volatility of USDT on Solana’s transport layer.

Extreme Volatility of USDT on Solana
Research from Mercuryo indicates that USDT volatility on Solana is reaching “extreme” levels. Greg Waisman, co-founder and CEO of Mercuryo, highlighted that Solana is attracting significant interest from global cryptocurrency traders. The sharp increase in trading activity on Solana, especially over the past 12 months, reflects growing interest in investment opportunities on the network.

In 2025, USDT volatility on Solana increased fivefold, with daily trading volume fluctuating wildly in the past two months. Data shows three spikes and two large drops, with drops ranging from 60%-70%, while increases ranged from 100%-137%.

Notably, on January 13, USDT trading volume on Solana increased by 100%. A week later, trading volume dropped by 63% before spiking to 129% on January 27. These fluctuations are rare on other blockchains and are a testament to Solana’s unique appeal to traders.

What Causes the Volatility
According to Mercuryo, one of the key factors driving this volatility is the explosion of meme coins on Solana. Meme token launches like Pump.fun have helped push Solana’s trading volume up in recent months, even surpassing Ethereum at one point.

In addition, in its five years of operation, Solana has processed over 408 billion transactions with nearly $1 trillion in value on decentralized exchanges (DEXs). Although Solana has seen steady growth since 2023, capital flows into the ecosystem have been volatile.

Solana’s Future Outlook
The high volatility of USDT on Solana shows that the network is attracting a lot of attention from the investor community. After five years of development, Solana has proven its potential and is ready to enter a more aggressive expansion phase in the near future. If this growth momentum continues, Solana can continue to compete with other leading blockchains and maintain a strong position in the cryptocurrency market.