Solana leads weekly stablecoin growth, rising above $5 billion

• The Solana stablecoin market cap jumps again above $5 billion, mimicking the worldwide stablecoin scenario.
• SOL exhibits a relapse, paving the best way for a light weekly restoration.

Solana [SOL] simply concluded final week as the very best blockchain when it comes to stablecoin development. One other fascinating milestone for the community, however what does this imply when 2025 rolls round?

The Solana Community roughly added $424.87 million to its stablecoin this previous week, which is the final week of 2024. This made it the largest gainer when it comes to stablecoin development over the previous seven days.

These had been primarily USDT and USDC stablecoins.

Solana was among the many greatest performing blockchains on a number of fronts in 2024. This contains consumer development, transactions, and the variety of stablecoins. The latter particularly is important to facilitate liquidity as demand grows.

The event comes amid the most recent surge in international market capitalization for stablecoins above $200 million for the primary time in historical past.

Solana’s stablecoin market cap peaked at $5.24 billion on December 29, marking the very best stage in 2024. The final time Solana’s stablecoin market cap was this excessive was in September.

Supply: DeFiLlama

Solana’s current secure market cap milestone underlines its spectacular development by means of 2024. The community had a stablecoin market cap of $1.83 billion at the beginning of the 12 months.

This efficiency was additionally according to the community’s Complete Worth Locked, highlighting better liquidity and accessibility to the Solana WEB3 ecosystem.

Solana TVL peaked above $55 billion this week, additionally marking a brand new excessive in 2025. The optimistic market capitalization of TVL and stablecoin in 2025 was in response to spectacular community development and demand.

Regardless of these developments, each development charges had been on monitor to finish the 12 months under their historic 2022 ATHs.

This might point out that Solana has a variety of room for development in 2025, particularly now that the corporate has extra liquidity and investor confidence.

SOL value motion

Talking of confidence, Solana’s dwelling forex appears to have gained some bullish confidence, because of internet optimistic weekly features.

SOL posted a weekly achieve of 11.39% final week. It exchanged arms for $194 on the time of writing, which was nonetheless a 26% low cost from its November peak.

Supply: TradingView

SOL’s newest weekly value motion may point out that the bears are cooling off after the wave of promoting strain that has prevailed over the previous 4 weeks.

Learn Solana’s [SOL] Value forecast 2025–2026

This means that profit-taking could have come to an finish and will make room for some restoration.

Solana’s TVL and stablecoin market cap development means that Solana is primed for extra motion in 2025. Nevertheless, it stays to be seen whether or not this might assist SOL’s value motion.