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Coin Edition 2025-01-23 06:20:00

Solana’s On-Chain Stablecoins Hit $10 Billion: What’s Driving the Surge?

Solana’s On-Chain Stablecoins Hit $10 Billion: What’s Driving the Surge?

Solana’s stablecoin holdings surge to $9.8 billion, nearing the $10 billion milestone. Memecoin trading, especially Trump-themed, fuels Solana’s growth and market influence. Analysts predict 12.8x growth in Solana’s value, with a potential $1 trillion market cap. Solana is bouncing back from its recent network downtime with a remarkable surge in stablecoin activity. According to DefiLlama , over $3 billion poured into Solana’s stablecoin reserves within just four days, pushing its total holdings to nearly $10 billion. This spike underscores Solana’s scalability and appeal, especially with the growing adoption of memecoins linked to high-profile figures such as Donald Trump. The blockchain’s ability to handle surging transaction volumes has made it an attractive option for developers and traders alike. Memecoins Drive Solana’s Stablecoin Activity The rise in Solana’s stablecoin use is largely tied to trading pairs involving memecoins , particularly those connected to Donald Trump. Over the past week, USDT on Solana grew to $1.6 billion, while USDC holdings climbed to $7.7 billion, marking a 50% surge for both. Related: Trump Coin Surge: Solana… The post Solana’s On-Chain Stablecoins Hit $10 Billion: What’s Driving the Surge? appeared first on Coin Edition .

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