Solana $SOL is exhibiting strong bullish indicators, with its stablecoin market cap reaching an all-time high of $13 billion and a notable uptick in network activity. These developments suggest a potential price rally towards $220.
In 2025, $SOL stablecoin supply has surged by 156%, culminating in a record $13 billion market cap. This growth is primarily driven by the increasing adoption of Circle's USD Coin (USDC), which now holds a 77% share of stablecoins on the Solana network . The influx of stablecoins enhances liquidity within Solana's decentralized finance (DeFi) ecosystem, bolstering demand for SOL tokens used in transactions and staking.
$SOL is trading at $144.65, reflecting a slight decrease of 0.97% over the past 24 hours. The day's trading range has seen lows of $141.70 and highs of $147.55.
