Messari releases Solana Q1 2024 Report: Transaction volume surges, significant progress made in ecosystem.

MESSARI has released its quarterly report on Solana for the first quarter of 2024, revealing a series of key developments. The report shows that Solana's average daily spot DEX trading volume has increased by 319% to $1.5 billion compared to the previous quarter. In addition, projects built on Solana raised $89.2 million in funding during this quarter, an increase of $2.5 million compared to the full year of 2023. The report also mentions the launch of token extensions, which provide token issuers with a range of configurable features. Stablecoin issuers such as PAXOS and GMO TRUST, as well as native crypto projects like PHOTO FINISH LIVE and WEN, have already adopted this extension. The Solana ecosystem has also made progress in decentralization, particularly with the launch of the developer store ANZA and the growth organization COLOSSEUM. Despite experiencing its first interruption in nearly a year during the reporting period, mainly due to a bug in the legacy loader, the Solana network continues to maintain high usage and stability. The report also previews the upcoming scheduler and network upgrades, which will help reduce spam and improve user experience.