Total stablecoin holdings on Solana jumped from $6.1 billion on January 17 to $9.8 billion, marking a significant milestone.
Solana’s total value locked (TVL) surpassed $10 billion, its highest since the FTX collapse.
Solana set consecutive daily records for decentralized exchange (DEX) volumes, reaching $28.2 billion on Saturday and $39.2 billion on Sunday.
Crypto analyst Kook Capital forecasts a 12.9x increase in Solana’s price to over $3,300 within three months.
The Solana blockchain has witnessed a sharp surge in the total number of stablecoins minted on the platform amid the TRUMP meme coin frenzy. On-chain data shows that the blockchain witnessed $3 billion worth of stablecoin inflows just over the last three days, taking Solana’s total stablecoin holdings closer to $10 billion.
According to from DeFiLlama, total stablecoin holdings on the network surged from $6.1 billion on January 17 to $9.8 billion as of now.
Source: DeFiLlama
This massive surge in stablecoin holdings was primarily due to meme coin trading pairs utilizing the market’s two largest stablecoins USDT and USDC . As we know, the launch of the TRUMP meme coin and the MELANIA meme coin has triggered huge trading activity over the past weekend.
Over the past week, the combined stablecoin value on Solana saw significant growth, with USDT reaching $1.6 billion and USDC climbing to $7.7 billion — an over 50% increase for each. These inflows underscore the rising adoption of stablecoins and Solana’s expanding influence in the meme coin ecosystem. Moreover, the network’s scalability and efficiency continue to attract developers and users alike.
On-Chain Indicators Showing Solana Network Growth
Solana’s total value locked (TVL) has exceeded $10 billion, for the first time since the FTX collapse, which sent shockwaves across the crypto ecosystem. This recovery highlights renewed investor confidence and growing adoption within the Solana blockchain.
Solana has achieved record-breaking decentralized exchange (DEX) trading volumes on consecutive days over the past weekend. On Saturday, the network reached an all-time high of $28.2 billion, only to surpass it on Sunday with an impressive $39.2 billion in volume. Analysts credit the rise to heightened trading interest in meme coins, stablecoins, and other DeFi assets on the network.
Source: Blockworks
SOL Price Prediction Moving Ahead
Amid the broader market selloff, the SOL price is trading 5.6% down at $240 levels with a market cap of $117 billion. According to popular crypto analyst Kook Capital, the Solana price could potentially rise by 12.9x, exceeding $3,300 in the next three months. The analyst :
“Insider on spaces saying “sol value to be increased by 12.8x in 90 days” meaning 1T asset which could imply sol etf and reserve on the way”.
“Insider on spaces saying “sol value to be increased by 12.8x in 90 days” meaning 1T asset which could imply sol etf and reserve on the way”.
Kook Capital said that the key driver behind this projected surge would be President Donald Trump’s influence on the crypto market. It will be interesting to observe whether all Solana-based assets can collectively drive this frenzy ahead.
