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Solana leads weekly stablecoin growth: Surges above $5 Billion
In a remarkable turn of events, Solana has emerged as the leading blockchain in terms of stablecoin growth, having surged past the $5 billion mark. This development comes amidst a backdrop of unprecedented growth for the platform, which has seen its network and liquidity expand significantly over the past year.
According to the latest data, Solana’s stablecoin marketcap jumped by a staggering $424.87 million in just seven days, cementing its position as the top performer in this space. It is worth noting that the majority of this growth was driven by the addition of USDT and USDC stablecoins.
Solana’s impressive performance can be attributed to its robust network growth and increasing demand for liquidity in its WEB3 ecosystem. As a result, the platform’s Total Value Locked (TVL) surged past $55 billion during the week, marking a new high for 2025.
While this development is undoubtedly positive news for Solana investors, it remains to be seen whether this growth will translate into a similar upswing in the price of SOL. Despite posting an impressive weekly gain of 11.39%, the coin’s current price of $194 still lags behind its November peak by 26%.
Source: ambcrypto.com
