Solana [SOL] Concludes 2024 as the Top Blockchain in Terms of Stablecoin Growth

The Solana network added roughly $424.87 million to its stablecoin this past week, which is the last week of 2024. This made it the top gainer in terms of stablecoin growth during the last seven days.

Solana (SOL) concluded the last week of 2024 as the top blockchain in terms of stablecoin growth, adding roughly $424.87 million to its stablecoin count. This made Solana the highest gainer in terms of stablecoin growth during the last seven days.

This accolade was primarily driven by a surge in USDT and USDC stablecoins. Throughout 2024, Solana has been consistently among the top-performing blockchains across multiple metrics, including user growth, transactions, and stablecoin count.

The latter is particularly crucial to facilitating liquidity as demand for the Solana WEB3 ecosystem grows.

This development also comes amid the latest surge in global stablecoin marketcap, which surpassed $200 billion for the first time in history.

Solana stablecoin marketcap peaked at $5.24 billion on the 29th of December, marking its highest level in 2024. The last time Solana’s stablecoin marketcap was this high was in September.

This stablecoin marketcap performance also marked a significant increase from the last time Solana’s stablecoin marketcap was in the limelight.

At the start of the year, the Solana stablecoin marketcap stood at $1.83 billion. Thisﻹs impressive growth highlights the increasing demand for stablecoins within the Solana ecosystem.

Moreover, this performance was also in line with the network’s Total Value Locked, highlighting more liquidity and accessibility to the Solana WEB3 ecosystem.

Solana TVL peaked above $55 billion during the week, which also marked a new 2025 high.

The positive TVL and stablecoin marketcap growth in 2025 was in reaction to its impressive network growth and demand. However, despite these developments, both growth metrics were set to conclude the year below their historic ATHs achieved in 2022.

This could signal that Solana has a lot of room for growth in 2025, especially now that it is enjoying more liquidity and investor confidence.

SOL price action

On the price front, Solana’s native coin appeared to have gained some bullish momentum, thanks to its net positive weekly gain.

SOL managed to achieve an 11.39% weekly gain last week. It exchanged hands at $194 at press time, which was still a 2