In the last week, Solana added approximately 424.87 million USD to its stablecoin market, reaching 5.24 billion USD on December 29, 2024. This reflects strong user engagement and rising transaction volumes, vital for crypto demand.
Despite being 26% below its November peak, SOL registered an 11.39% increase, suggesting recovery from bearish trends. Its stablecoin market cap indicates solid foundations for growth as the market gears up for 2025.
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