Solana Bridge Volumes Surpass $10.1B, USDC Leads Inbound Transfers

Solana's bridge platforms have exceeded $10.1 billion in total inbound volume since 2021, marking a 114% increase from $4.7 billion recorded up to February 2024, according to Flipside Crypto. This surge highlights Solana's growing role in cross-chain transfers.

USD Coin (USDC) was the most frequently bridged asset, with $3.9 billion in inbound volume and $4.7 billion outbound. Ether (ETH) followed with around $2 billion for both inbound and outbound, while Solana's native token (SOL) ranked third with $1.5 billion inbound and $1 billion outbound.

Wormhole remained the top bridging platform, recording an all-time volume of $7.3 billion. However, deBridge gained traction, surpassing Wormhole's weekly volume by 12% in February 2025. Data from DefiLlama showed a sharp rise in Solana bridge activity from November 2024 to January 2025, with volumes reaching $1.1 billion in November, $2.5 billion in December, and $3.2 billion in January.

Despite Solana's growth, its bridge volumes remain lower than Ethereum's, which recorded $38 billion over the same period. Ethereum’s monthly volume stayed strong throughout 2024, hitting a low of $5.1 billion in April.

The significant increase in Solana bridge activity, led by USDC and supported by platforms like Wormhole and deBridge, underscores the expanding cross-chain capabilities within the Solana ecosystem. While Solana shows rapid growth, Ethereum continues to dominate the cross-chain bridge market.