The Solana network continues to expand rapidly, as Circle recently minted another 250 million USDC on this platform. This event raises the total USDC on Solana in 2025 to 6 billion.
Rise of Stablecoin Supply on Solana
Amid increasing demand for stablecoins during the cryptocurrency bull market, the supply on Solana hit a record 11.1 billion dollars. Circle's USDC remains the most popular among Solana ecosystem users, holding a 77% market share.
Solana Outpaces Bitcoin and Ethereum
Since the cycle's bottom in November 2022, Solana has shown superior performance compared to Bitcoin and Ethereum in terms of price increase and capital inflows. This continuous liquidity rise supports Solana's price appreciation.
General Growth in Stablecoin Market Cap
In 2024, the overall stablecoin market capitalization rose by 57%, reaching 204 billion dollars. Stablecoins play a crucial role in the cryptocurrency ecosystem, maintaining stability and being backed by traditional currencies.
The growth of the Solana network and the increase in stablecoin issuance demonstrate a high level of trust from investors and users in this platform, supporting its further development.
