Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220

By: bitcoin ethereum news|2025/05/07 20:00:05

Key takeaways: Solana’s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion. Solana’s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain. SOL price formed a bull flag, with a price target at $220. Solana’s native token, SOL (SOL) failed to maintain its bullish momentum after reaching $156 on April 25, but an assortment of data points suggests that the altcoin’s upside is not over. SOL stablecoin market cap hits $13 billion Solana’s stablecoin supply has skyrocketed by 156% in 2025, surging past $13 billion to hit a new all-time high. Stablecoins on Solana recently surged past $13B in issuance, setting a new ATH @calilyliu on why Solana is purpose-built for moving digital dollars at internet speed pic.twitter.com/WYPPg0LEG6 — Solana (@solana) May 5, 2025 Circle’s USDC (USDC) remains the stablecoin of choice for Solana users, with a 77% market share. Stablecoins are integral to Solana’s decentralized finance (DeFi) ecosystem, driving liquidity and increasing SOL demand as it’s used for transaction fees and staking, potentially pushing its price upward. Increased stablecoin inflows historically correlate with price rallies, as seen between December 2023 and August 2024, when a 230% rally in SOL price was accompanied by a 160% increase in stablecoin inflows from $1.55 billion to $4.06 billion. Solana TVL and transaction count on the rise Solana remains the second-largest blockchain in terms of total value locked (TVL) and ranks first in DEX volumes. Solana’s TVL has risen from $6.1 billion on April 9 to $7.65 billion on May 6, an increase of over 25% in almost 30 days. Positive signs include a 44% increase in deposits on Sanctum, a liquid staking application, and 25% growth on Jito and Kamino. Solana’s daily transaction count has also increased by 25% over the last month to 57.77 million transactions. While Ethereum and BNB Chain provide competition in terms of onchain volumes, the Solana network is the undisputed leader with daily DEX volumes standing at $2.61 billion at the time of writing. Solana also commands a 27.7% DEX volume market share, ahead of BNB Chains and Ethereum’s 18%. SOL bull flag points to $220 SOL price has formed a bull flag chart pattern in the daily timeframe, as shown in the chart below. A bull flag pattern is a bullish setup that forms after the price consolidates inside a down-sloping range following a sharp price rise. Bull flags typically resolve after the price breaks above the upper trendline and rises by as much as the previous uptrend’s height. This puts the upper target for SOL price at $220, up 53% from the current price. Crypto analyst RisHad said that SOL price needs to hold the $120 – $130 support to increase the chances of moving toward $178 and beyond. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Source: https://cointelegraph.com/news/solana-bull-flag-rising-stablecoin-market-cap-hint-at-sol-price-rally-to-220?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.

On the eve of the explosion of on-chain options

Options are becoming a new anchor in the cryptocurrency market.

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?

A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

A skilled person never picks the table, they eat meat with every bite.

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.

Why is OpenAI playing catch-up to Claude Code instead?

Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.