Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Solana: Will high stablecoin trading volume be enough to see SOL green?
ALTCOIN NEWS

Solana: Will high stablecoin trading volume be enough to see SOL green?

By Crypto FlexsJanuary 27, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana: Will high stablecoin trading volume be enough to see SOL green?
Share
Facebook Twitter LinkedIn Pinterest Email

  • Solana’s stablecoin trading volume has surged.
  • The overall activity of the network continued to decline.

Solana (SOL) has seen a significant price decline over the past few days. Despite the challenges, there were several areas in which the protocol grew.

increase volume

One of them was the surge in Solana’s stablecoin trading volume. The daily transfer volume of Solana’s stablecoin USDC has surpassed that of all other blockchains.

The blockchain’s stablecoin USDC continues to outpace daily transfer volume, indicating a positive trend.

High daily transfer volume means increased transaction usage and demand on the Solana network. This heightened activity will contribute to the overall vitality and liquidity of the Solana ecosystem, attracting more users to the network.

🚨Breaking News: Stablecoins $USDC In ~ @Solana It continues to outpace all other chains in daily transfer volume. pic.twitter.com/py2OGEGZjh

— Solana Floor | Provided by Step Finance (@SolanaFloor) January 25, 2024

The network’s TVL and DEX volumes also increased over the past month. The rise in TVL reflects the total value of assets staked or leveraged within the network and highlights the growing interest and trust in Solana-based projects.

At the same time, the surge in DEX trading volume signals increased trading activity on decentralized exchanges built on the Solana blockchain, demonstrating how attractive the platform is to users participating in DeFi.

Source: Artemis

Looking at the DeFi sector

Despite the increase in TVL and DEX trading volume, Solana’s overall network activity has decreased by 14.7% over the past month. This decrease in activity suggests a potential change in user engagement or transaction patterns within the Solana ecosystem.

However, it is noteworthy that revenue generated through the Solana protocol also recorded a remarkable growth of 100.2% during the same period.

This surge in revenue can be attributed to a variety of factors, including increased use of specific protocols, new fee structures, and other mechanisms that contribute to the Solana network economy.

Source: Token Terminal

Looking at the price

Regarding the SOL price, our latest observations show that it is trading at $87.95, up 1.09% over the last 24 hours.


How much is 1, 10, or 100 SOL worth today?


The Relative Strength Index (RSI) showed an upward trend, signaling the bullish momentum of the SOL token.

This increase in RSI suggests potential strength in the ongoing bullish trend and indicates positive market sentiment for SOL in the near term.

Source: Santiment

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

One All-Powerful Asset Across Two Ecosystems

September 24, 2025

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025
Most Popular

NVIDIA Enhances Jetson Orin Nano Developer Kit with Significant Performance Boost

December 19, 2024

Why is Bitcoin Rising?

March 6, 2024

Memecoins ‘Rally Hard’ as Retail-Based Market Participation Increases: QCP Capital

March 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.