Solana’s Stablecoin Growth Defies Expectations Amid Memecoin Surge

The Solana network has demonstrated remarkable resilience in its stablecoin supply, maintaining near all-time highs despite the volatile nature of memecoin influences. Recent developments, including Donald Trump’s pairing of a Solana memecoin with USDC, have contributed to this unexpected stability.

Solana Stablecoins ’Stickier Than Anticipated’

The Solana network’s stablecoin supply has seen significant growth, particularly when Donald Trump paired his Solana memecoin with USDC. This resulted in 306 days of supply growth over a long weekend. Despite much of this growth stemming from a memecoin with limited relevance, Solana’s stablecoin supply remains NEAR its all-time high. As of today, Solana has $12.1 billion in stables, according to Blockworks Research analyst Carlos Gonzalez Campo. The growth in stablecoin supply means Solana’s liquidity is deeper now.

Solana Surpasses Ethereum in DEX Trading Volume

Solana has achieved a daily DEX trading volume of $2.774 billion for the first time, surpassing Ethereum. Low fees and fast transactions are attracting more traders to Solana DEXs. The expansion of this DEX ecosystem indicates the emergence of decentralized platforms and user-controlled trading. In the past 24 hours, Solana-based DEXs handled around $2.774 billion in trades, slightly more than Ethereum-based DEXs which managed $2.744 billion.

Solaxy Presale Nears $30M Mark as Experts Predict Post-Listing Rally

Solaxy’s (SOLX) presale is gaining traction, on track to hit $30 million. Investors are flocking to Solana’s first Layer-2 solution, Solaxy, which offers huge staking rewards. Experts predict a post-listing price rally, potentially making Solaxy the next big project in the Solana ecosystem. Solaxy aims to solve Solana’s congestion and transaction failure issues with off-chain processing.

Solana Price Prediction: Traders Hedging with Lightchain AI Amid Volatility

Solana (SOL) has seen increasing volatility, raising concerns it could dip below $100. While some remain optimistic about SOL’s long-term scalability, others are hedging their positions with Lightchain AI, a project integrating AI into blockchain infrastructure. Currently priced at $0.007 during its presale, Lightchain AI has already raised $18.3 million and is seen as a strategic hedge with high-growth potential for 2025. SOL was last trading at $142.87.