SOL Price Shows Signs of Renewed Bullish Momentum as Stablecoin Issuance Surges

Solana's native token SOL has been showing signs of renewed bullish momentum after reaching $156 on April 25. Despite a slight pullback, multiple factors

Solana’s native token (SOL) has shown promising signs of renewed bullish momentum after reaching $156 on April 25.

Despite a slight pullback from recent highs, multiple factors point towards continued upside potential for the popular cryptocurrency.

Solana’s stablecoin capitalization has surged to new all-time highs as the blockchain proves instrumental in facilitating rapid digital dollar transactions.

Solana’s stablecoin capitalization recently crossed the $13 billion threshold, setting a new all-time high.

This remarkable milestone highlights Solana’s unique capabilities in moving digital dollars at lightning speed, a property that is critical for the future of Web3.

Solana is purposely built for handling large-scale digital dollar transactions with unmatched efficiency.

This strength is evident in the rapid growth of stablecoins on Solana in 2025 alone. Since January 1, the total value of stablecoins on Solana has increased by an astounding 156%.

To put this magnitude of growth into perspective, consider that the entire cryptocurrency market capitalization took eight months to achieve a 150% gain.

In comparison, Solana’s stablecoin capitalization has realized this level of growth in just 120 days, showcasing the blazing speed at which the blockchain is executing its vision.

Moreover, Circle’s USDC remains the token of choice for Solana users, boasting a dominant 77% market share in the Solana stablecoin market.

This preference speaks volumes about the trust and reliability that Circle’s USDC enjoys among the Solana community.

Stablecoins play a pivotal role in Solana’s decentralized finance (DeFi) ecosystem by boosting liquidity and ultimately increasing demand for SOL, which is used for transaction fees and staking.

Solana’s TVL also saw a 25% rise

Solana, the second-largest blockchain in terms of total value locked (TVL), has seen a 25% surge in TVL.

This brings it to $7.65 billion, up from $6.1 billion on April 9, according to DeFiLlama.

The blockchain has also become the clear leader in decentralized exchange (DEX) volumes, with recent 24-hour figures from TokenInsight showing $2.61 billion in trades.

Solana now holds a 27.7% market share in DEX volume, placing it ahead of both BNB Chain and Ethereum.

As of May 6, at 08:44 (GMT+8), the price of SOL stood at $143.96, showing a slight decrease of 0.90% over the past 24 hours.

This slight pullback comes amidst a broader cryptocurrency market downturn.

However, despite the recent price decline, several factors suggest that the cryptocurrency could be poised for further upside.

Solana’s stablecoin capitalization has surged to new all-time highs as the blockchain proves instrumental in facilitating rapid digital dollar transactions.

Solana’s stablecoin capitalization recently crossed the $13 billion threshold, setting a new all-time high, as shared by blockchain expert Lily Liu.

This remarkable milestone highlights Solana’s unique capabilities in moving digital dollars with unmatched speed, a property that is critical for the future of Web3, according to Solana in a subsequent tweet.

This strength is evident in the rapid growth of stablecoins on Solana in 2025 alone. Since January 1, the total value of stablecoins on Solana has increased by an astounding 156%.

To put this magnitude of growth into perspective, consider that the entire cryptocurrency market capitalization took eight months to achieve a 150% gain.

In comparison, Solana’s stablecoin capitalization has realized this level of growth in just 120 days, showcasing the blazing speed at which the blockchain is executing its vision.

Moreover, Circle’s USDC remains the token of preference for Solana users, boasting a dominant 77% market share in the Solana stablecoin market.

This preference speaks volumes about the trust and reliability that Circle’s USDC enjoys among the Solana community.

Stablecoins play a pivotal role in Solana’s decentralized finance (DeFi) ecosystem by boosting liquidity and ultimately increasing demand for SOL, which is used for transaction fees and staking.

Solana’s TVL also saw a 25% rise

Solana, the second-largest blockchain in terms of total value locked (TVL), has seen a 25% surge in TVL.

This brings it to $7.65 billion, up from $6.1 billion on April 9, according to DeFiLlama.

The blockchain has also become the clear leader in decentralized exchange (DEX) volumes, with recent 24-hour figures from TokenInsight showing $2.61 billion in trades.

Solana now holds a 27.7%