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- Solana stablecoin marketcap jumps back above $5 billion, imitating the global stablecoin situation.
- SOL bears pullback, paving the way for slight weekly recovery.
Solana [SOL] just concluded last week as the top blockchain in terms of stablecoin growth. Yet another interesting milestone for the network, but what does this mean as 2025 rolls in?
The Solana network added roughly $424.87 million to its stablecoin this past week, which is the last week of 2024. This made it the top gainer in terms of stablecoin growth during the last seven days.
This was mostly USDT and USDC stablecoins.
Solana has been among the top perfoming blockchains in 2024 on multiple fronts. This includes user growth, transactions and stablecoin count. The latter in particular is necessary to facilitate liquidity as demand grows.
The development comes amid the latest surge in global stablecoin marketcap above $200 milllion ffor the first time in history.
Solana’s stablecoin marketcap peaked at $5.24 billion on the 29th of December, which marked its highest level in 2024. The last time that Solana’s stablecoin marketcap was this high was in September.
Source: DeFiLlama
The recent Solana stablecoin marketcap milestone underscores impressive growth in 2024. The network had a stablecoin marketcap of $1.83 billion at the start of the year.
This performance was also in line with the network’s Total Value Locked, highlighting more liquidity and accessibility to the Solana WEB3 ecosystem.
Solana TVL peaked above $55 billion during the week, which also marked a new 2025 high. The positive TVL and stablecoin marketcap growth in 2025 was in reaction to its impressive network growth and demand.
Despite these developments, both growth metrics were on track to conclude the year below their historic ATHs achieved in 2022.
This could signal that Solana has a lot of room for growth in 2025, especially now that it is enjoying more liquidity and investor confidence.
SOL price action
Speaking of confidence, Solana’s native coin appears to have gained some bullish confidence, courtesy of its net positive weekly gain.
SOL achieved an 11.39% weekly gain last week. It exchanged hands at $194 at press time, which was still a 26% discount from its November peak.
Source: TradingView
SOL’s latest weekly price action could signal that the bears are cooling off after the wave of sell pressure that prevailed in the last four weeks.
Read Solana’s [SOL] Price Prediction 2025–2026
This suggests that profit-taking may have run its course and could potentially give way for some recovery.
Solana’s TVL and stablecoin marketcap growth suggests that Solana is ready for more action in 2025. However, it remains to be seen whether this could aid in SOL price action.
