In 2024, Solana saw an impressive recovery in the cryptocurrency market. After the FTX collapse cast doubt on its future, Solana experienced a significant resurgence. This article delves into how Solana transitioned from a struggling network to a crypto powerhouse in just one year. 2024 marked not only a return for Solana but a complete reinvention. We see this through impressive DEX volumes, surging transaction fees, and a remarkable surge in protocol earnings growth across multiple fronts. The network’s positive trajectory extended beyond short-term fee boosts. Solana thrived due to price reflexivity, the rise of DeFi applications, and strategic airdrop initiatives such as Jito ($JTO) and Jupiter ($JUP). 55% of all Solana activity was driven by Pumpdotfun transactions alone in January, showcasing the network’s immense potential. This is further solidified by the fact that $SOL is still undervalued with a significant upside in store.