Source: Cointelegraph.com NewsKey takeaways:<\/p>\n
Solana\u2019s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion.
\nSolana\u2019s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain.
\nSOL price formed a bull flag, with a price target at $220.<\/p>\n
Solana\u2019s native token, SOL (SOL) failed to maintain its bullish momentum after reaching $156 on April 25, but an assortment of data points suggests that the altcoin\u2019s upside is not over.
\nSOL stablecoin market cap hits $13 billion
\nSolana\u2019s stablecoin supply has skyrocketed by 156% in 2025, surging past $13 billion to hit a new all-time high.<\/p>\n
Stablecoins on Solana recently surged past $13B in issuance, setting a new ATH@calilyliu on why Solana is purpose-built for moving digital dollars at internet speed pic.twitter.com\/WYPPg0LEG6\u2014 Solana (@solana) May 5, 2025<\/p>\n
Circle\u2019s USDC (USDC) remains the stablecoin of choice for Solana users, with a 77% market share. Source: Cointelegraph.com NewsKey takeaways: Solana\u2019s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion. Solana\u2019s TVL grew by 25% to $7.65 billion, with 27.7%… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128706"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128706"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128706\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128706"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSolana stablecoin supply surpasses $103 billion, setting a new all-time high. Source: DefiLlamaStablecoins are integral to Solana\u2019s decentralized finance (DeFi) ecosystem, driving liquidity and increasing SOL demand as it\u2019s used for transaction fees and staking, potentially pushing its price upward.
\nIncreased stablecoin inflows historically correlate with price rallies, as seen between December 2023 and August 2024, when a 230% rally in SOL price was accompanied by a 160% increase in stablecoin inflows from $1.55 billion to $4.06 billion.
\nSolana TVL and transaction count on the rise
\nSolana remains the second-largest blockchain in terms of total value locked (TVL) and ranks first in DEX volumes.\u00a0
\nSolana’s TVL has risen from $6.1 billion on April 9 to $7.65 billion on May 6, an increase of over 25% in almost 30 days.
\nSolana TVL and transaction count. Source: DefiLlamaPositive signs include a 44% increase in deposits on Sanctum, a liquid staking application, and 25% growth on Jito and Kamino.
\nSolana\u2019s daily transaction count has also increased by 25% over the last month to 57.77 million transactions.\u00a0\u00a0
\nWhile Ethereum and BNB Chain provide competition in terms of onchain volumes, the Solana network is the undisputed leader with daily DEX volumes standing at $2.61 billion at the time of writing. Solana also commands a 27.7% DEX volume market share, ahead of BNB Chains and Ethereum\u2019s 18%.
\nBlockchains’ DEX volume dominance. Source: DefiLlamaSOL bull flag points to $220
\nSOL price has formed a bull flag chart pattern in the daily timeframe, as shown in the chart below.\u00a0\u00a0
\nA bull flag pattern is a bullish setup that forms after the price consolidates inside a down-sloping range following a sharp price rise.
\nSOL\/USD daily chart. Source: Cointelegraph\/TradingViewBull flags typically resolve after the price breaks above the upper trendline and rises by as much as the previous uptrend\u2019s height. This puts the upper target for SOL price at $220, up 53% from the current price.
\nCrypto analyst RisHad said that SOL price needs to hold the $120 – $130 support to increase the chances of moving toward $178 and beyond.
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"