Key takeaways:
Solana’s stablecoin provide rose by 156% in 2025, to hit a brand new report at $12 billion.
Solana’s TVL grew by 25% to $7.65 billion, with 27.7% decentralized change quantity share, main Ethereum and BNB Chain.
SOL worth fashioned a bull flag, with a worth goal at $220.
Solana’s native token, SOL (SOL) failed to take care of its bullish momentum after reaching $156 on April 25, however an assortment of knowledge factors means that the altcoin’s upside is just not over.
SOL stablecoin market cap hits $13 billion
Solana’s stablecoin supply has skyrocketed by 156% in 2025, surging previous $13 billion to hit a brand new all-time excessive.
Stablecoins on Solana not too long ago surged previous $13B in issuance, setting a brand new ATH@calilyliu on why Solana is purpose-built for shifting digital {dollars} at web pace pic.twitter.com/WYPPg0LEG6
— Solana (@solana) May 5, 2025
Circle’s USDC (USDC) stays the stablecoin of alternative for Solana customers, with a 77% market share.
Stablecoins are integral to Solana’s decentralized finance (DeFi) ecosystem, driving liquidity and growing SOL demand because it’s used for transaction charges and staking, doubtlessly pushing its worth upward.
Elevated stablecoin inflows traditionally correlate with worth rallies, as seen between December 2023 and August 2024, when a 230% rally in SOL worth was accompanied by a 160% improve in stablecoin inflows from $1.55 billion to $4.06 billion.
Solana TVL and transaction rely on the rise
Solana stays the second-largest blockchain when it comes to total value locked (TVL) and ranks first in DEX volumes.
Solana’s TVL has risen from $6.1 billion on April 9 to $7.65 billion on Might 6, a rise of over 25% in virtually 30 days.
Optimistic indicators embrace a 44% improve in deposits on Sanctum, a liquid staking utility, and 25% development on Jito and Kamino.
Solana’s day by day transaction rely has additionally elevated by 25% over the past month to 57.77 million transactions.
Whereas Ethereum and BNB Chain present competitors when it comes to onchain volumes, the Solana community is the undisputed chief with day by day DEX volumes standing at $2.61 billion on the time of writing. Solana additionally instructions a 27.7% DEX quantity market share, forward of BNB Chains and Ethereum’s 18%.
SOL bull flag factors to $220
SOL worth has fashioned a bull flag chart sample within the day by day timeframe, as proven within the chart beneath.
A bull flag sample is a bullish setup that types after the value consolidates inside a down-sloping vary following a pointy worth rise.
Bull flags usually resolve after the value breaks above the higher trendline and rises by as a lot because the earlier uptrend’s peak. This places the higher goal for SOL worth at $220, up 53% from the present worth.
Crypto analyst RisHad said that SOL worth wants to carry the $120 – $130 help to extend the probabilities of shifting towards $178 and past.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
