Solana, the second-largest blockchain by Total Value Locked (TVL), has experienced significant growth in its ecosystem driven by the increase in market value of its stablecoins. Data from DefiLlama shows that Solana's stablecoin market cap has reached $10.7 billion, surpassing its previous high of $6.259 billion. Solana's stablecoin values have increased by 77.45% in the past week, setting a new record. The blockchain's technical capabilities have also been tested with its ability to process 350 million transactions daily. Unlike Tron and Ethereum, where Tether is the dominant stablecoin, Solana's biggest stablecoin is USDC. The surge in Solana's stablecoins was primarily driven by meme coin trading pairs using USDC and USDT. The introduction of meme coins linked to Trump and Melania caused volatility in the market, with the Official Trump (TRUMP) coin reaching a market cap of $15 billion before losing value. Solana's price also increased by 18% and reached a new all-time high of $270.



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