You Won’t Believe What Solana’s Been Lifting at the Crypto Gym: $220 Bull Flag Surprise

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Key takeaways (yes, there will be a quiz):

  • Solana’s stablecoin supply shot up 156% in 2025, jumping to $12 billion. I know, I know—let’s all pretend we’re not impressed.

  • Solana’s TVL flexed its DeFi muscles, climbing 25% to $7.65 billion, and bagged a whopping 27.7% of decentralized exchange volume. If this were high school, Solana is prom king; Ethereum and BNB Chain are just hoping someone will dance with them.

  • SOL price formed a bull flag, so the new target is $220. (Or as it’s known in crypto: “barely coffee money for degens.”)

Solana’s native token, SOL (which, for the record, is so nice they named it twice), took a little breather after huffing and puffing to $156 on April 25. But don’t get out the sympathy cards—there are so many bullish signals, it’s basically the Wall Street version of a pep rally.

SOL stablecoin market cap: Now starring in “Honey, I Blew Up the Blockchain”

Blink and you missed it: Solana’s stablecoin supply did a Hulk routine, bulking up 156% in 2025, vaulting past $13 billion to an all-time high. So yes, if you’re feeling inadequate, don’t worry, you’re not alone.

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

— Solana (@solana) May 5, 2025

Circle’s USDC: still the Regina George of Solana stablecoins, bossing everyone around with a 77% market share. The rest are just hoping for an invite to the plastics’ table.

Stablecoins aren’t just here for emotional support—they’re basically the nervous system of Solana’s DeFi, pumping liquidity and hyping up demand for SOL. More stablecoins = more SOL transactions and staking = the kind of upward price action that makes crypto bros tweet in all caps.

Historically, when stablecoin inflows go brrr—like between December 2023 and August 2024—SOL gets a serious glow-up. We’re talking price rallies north of 230%, all synchronized with a 160% increase in stablecoin inflow. Coincidence? I think not.

Solana TVL and transaction count: “I Can’t Stop, Won’t Stop” edition

Solana: currently the second-largest blockchain in TVL, proving once and for all that it came to play. DEX volumes? Solana’s sporting the championship belt.

TVL climbed from $6.1 billion on April 9 to $7.65 billion by May 6. In less than 30 days. Basically, Solana’s TVL did a trust fall and got caught—by an army of crypto nerds.

Some positive gossip from the blockchain lunch table: Sanctum (liquid staking app) saw deposits shoot up 44%. Jito and Kamino? 25% growth each. Not bad for a couple of DeFi B-listers.

Solana’s daily transaction count? Up 25% in a month—57.77 million transactions. Because who needs sleep when your blockchain is basically the crypto world’s hamster on a wheel?

Yes, Ethereum and BNB Chain are still out there doing their best Taylor Swift “look at me!” impression, but with daily DEX volumes at $2.61 billion and a 27.7% market share, Solana’s leading the conga line—and they look fabulous doing it.

SOL bull flag: $220 in sight, party hats not included 🎉

The chart nerds have spoken: SOL’s put on a bull flag in the daily timeframe—and for the uninitiated, that’s not just something you wave around at a sports game.

A bull flag means the price chills for a minute after a wild night out (rally), then gets ready for another run. Basically, crypto traders see this pattern and start dusting off their moon emojis.

If (okay, when) it breaks out, the measured move says $220 is on the table—that’s 53% higher. Throw in a little analyst spice: RisHad says SOL needs to hold the $120–$130 zone to keep the dream alive for $178 and up. If not, well…there’s always meme coins.

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2025-05-06 22:40