Stablecoins are the next big thing for Solana as memecoin frenzy cools | Opinion

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Stablecoins are the next big thing for Solana as memecoin frenzy cools | Opinion

May 5, 2025 at 02:55 PM GMT+5

Opinion

Stablecoins are the next big thing for Solana as memecoin frenzy cools | Opinion

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

Solana Solana

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-0.45%

Solana has emerged from one of its most turbulent periods to date. Stress-tested in Q1 2025 by an unprecedented wave of memecoin launches on platforms like Pump.fun, the network faced both extraordinary transaction volume and congestion. It saw tens of thousands of new token launches in just a few months, bringing billions of dollars on-chain through millions of transactions.