Solana has recorded a significant $255 million in stablecoin inflows over the past 24 hours, reinforcing its position as a leader in stablecoin adoption. This influx has driven demand for Solana's native token, SOL, which has surged nearly 30% since early September, reaching a monthly peak of $250. Analysts anticipate SOL could achieve a new all-time high of $300 by the end of 2025.
In contrast, Arbitrum saw $60 million in stablecoin inflows, while Ethereum and Tron experienced declines, suggesting a shift in preference towards Solana for stablecoin transactions. Historically, increased stablecoin activity on Solana has been associated with heightened network adoption and rising SOL values, highlighting its growing importance as a hub for payments and decentralized applications.
Solana Dominates with $255M Stablecoin Inflows, SOL Nears $300
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