USDC Treasury Mints 250 Million Tokens, Signaling Continued Crypto Activity
In a recent developmen
In a recent development reported by Odaily, Whale Alert has revealed that the USDC Treasury minted 250 million USDC#USDC✅ tokens just five minutes ago. This minting event is another reminder of the fast-moving and evolving nature of the cryptocurrency ecosystem. What is USDC? USDC, or USD Coin, is a stablecoin pegged 1:1 to the U.S. dollar$USDC . It's issued by Circle, a regulated financial technology firm, in partnership with Coinbase. Each USDC#USDC✅ token is backed by a
Solana Stablecoin Supply Hits All-Time High in 2025, Boosting DeFi Presence
According to Cointelegraph, Solana's#solana stablecoin supply has surged by 156% in 2025, crossing the $13 billion mark and setting a new all-time high. This dramatic rise reflects Solana’s expanding role in the decentralized finance (DeFi) space, where stablecoins are vital for liquidity and utility.
Circle’s USDC#USDC✅ dominates as the top stablecoin on Solana, holding 77% of the market share. Historically, an increase in stablecoin inflows has often led to price rallies. For instance, between December 2023 and August 2024, SOL’s price soared by 230%, coinciding with a 160% rise in stablecoin inflows.
Solana’s total value locked (TVL) also witnessed strong growth—from $6.1 billion on April 9 to $7.65 billion by May 6—a 25% increase in under a month. This positions Solana as the second-largest blockchain by TVL and the leader in decentralized exchange (DEX) volumes. The network processed 57.77 million transactions in a single day, reflecting a 25% increase over the last month. Solana now holds 27.7% of the DEX market share, outpacing Ethereum#Ethereum and BNB#bnb Chain, both at 18%.
Further bullish indicators include a 44% increase in deposits on Sanctum, a liquid staking platform, and 25% growth on DeFi platforms like Jito and Kamino.
Technically, SOL is showing a bull flag pattern on the charts—a setup that suggests a potential upward breakout. If this pattern plays out, SOL could target a price of $220, representing a 53% gain from current levels. Analyst RisHad notes that maintaining support between $120 and $130 is key to reaching $178 and potentially beyond. #solana
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before making investment decisions
Solana Stablecoin Supply Hits All-Time High in 2025, Boosting DeFi Presence
According to Cointelegraph, Solana's #solana stablecoin supply has surged by 156% in 2025, crossing the $13 billion mark and setting a new all-time high. This dramatic rise reflects Solana’s expanding role in the decentralized finance (DeFi) space, where stablecoins are vital for liquidity and utility.
Circle’s USDC #USDC✅ dominates as the top stablecoin on Solana #solana , holding 77% of the market share. Historically, an increase in stablecoin inflows has often led to price rallies. For instance, between December 2023 and August 2024, SOL’ price soared by 230%, coinciding with a 160% rise in stablecoin inflows.
Solana’s#solana total value locked (TVL) also witnessed strong growth—from $6.1 billion on April 9 to $7.65 billion by May 6—a 25% increase in under a month. This positions Solana as the second-largest blockchain by TVL and the leader in decentralized exchange (DEX) volumes. The network processed 57.77 million transactions in a single day, reflecting a 25% increase over the last month. Solana now holds 27.7% of the DEX market share, outpacing Ethereum and BNB Chain, both at 18%.
Further bullish indicators include a 44% increase in deposits on Sanctum, a liquid staking platform, and 25% growth on DeFi platforms like Jito and Kamino.
Technically, SOL is showing a bull flag pattern on the charts—a setup that suggests a potential upward breakout. If this pattern plays out, SOL could target a price of $220, representing a 53% gain from current levels. Analyst RisHad notes that maintaining support between $120 and $130 is key to reaching $178 and potentially beyond. #solana
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before making investment decisions.