Solana (SOL) has reached a record high of about $ 294 thanks to the launch of Trump Mimoin, President Donald Trump, and ETF overdue, and has spent seven days thanks to recorded stablecoin supply and total value soaring. It is. It is locked.
Solar or stablecoin supply was a record high.
Solana’s stablecoin supply has soared over the last seven days, exceeding $ 10 billion for the first time in history.
One major factor is likely to be a meme coin for the Trump family. The official Trump and the official Melania have led to billions of dollars in capital by introducing hundreds of thousands of new users into the solar or ecosystem in recent days.
As a result, on January 20, the number of new addresses of Solana was almost 9 million ahead of President Donald Trump’s inauguration.
source: Matthew
The chart below shows that Solana’s stablecoin supply has increased by 77.5% last week, and recorded a market cap of $ 10.83, the highest height on January 24.
relevant: Solar or price has risen to $ 272, but what do SOL need to achieve a new high?
On the other hand, Circle’s USDC (USDC) has a market share of 77.23%and remains a stable coin selected by a user in the solar or ecosystem.
Solar or stablecoin supply exceeded $ 10 billion and reached a record high. Source: Defillama
Stable Coin is an essential element in Solana’s decentralized finance (Defi) ecosystem, which promotes fluidity and increases the demand for $ SOL.
Solara TVL rises 800% in 12 months
The total value (TVL), which was immersed in the solar or ecosystem, also surged.
Solana’s TVL has increased from $ 1.3 billion on January 24, 2024 to $ 1.19 billion, up more than 800% year -on -year. It jumped 24.7%last week alone.
Total value fixed to Solana. source: Dip filama
Raydium, a leading decentralized exchange (DEX) of Solana’s leading decentralized exchange (DEX), contributes to $ 3.89 billion to the total TVL and plays an important role in this growth. This has increased 24% over the last seven days and 36% over the last month.
Total value fixed to Solana’s Defi protocol. Source: Defillama
Will the SOL price rise?
The historical trend shows the correlation between the increase in the stablecoin supply and the TVL according to the SOL price.
For example, in September 2021, the stablecoin supply increased by 93%, and the SOL rose 45.76% for two months from $ 177 on September 11, 2021 to $ 258, the highest in November 6, 2021.
If history is repeated, SOL prices can increase similarly by 45%, reaching $ 362 by March 2025.
“If $ SOL repeats these price measures as it increases the rapid increase in stablecoin supply in which onchain stable coins, similar 45% increase can reach $ 362 by the end of March 2025.” We responded to Solana’s growth. Ecosystem.
Similarly, TVL increased by more than 2,000% from June 25, 2021 to November 8, 2021, and the price rose 800% over the same period. This means that if Solana’s TVL trend persists, the price will increase due to the increase in demand for SOL tokens.
“Solana is preparing for a large -scale movement!” Cryptoelites, a popular cryptocurrency analyst, said in a post about X on January 24.
The optimistic analyst has shared the charts below that shows that the price has risen over the 2021 descent line due to the price measures of SOL since November 2024. This technology setting expects Solana’s short -term goal to $ 450. The analysis shows that the SOL eventually belongs to the $ 678- $ 1,099 range.
“Technical prospects are completely positive. There will be great progress in the future!”
SOL/USD weekly chart. source: Cryptoelit
CryptoExpert101 also shared similar emotions, and he believes that the price of SOL can reach more than $ 1,000 in 2025.
“Solana is too easy for ordinary retail investors to use.”
This article does not include investment advice or recommendation. All investment and trading activities are risk, so readers must investigate themselves when making decisions.