Solana is gaining market attention after recording the strongest stablecoin growth among major blockchain networks over the past 24 hours. According to the RWA Foundation, the network added $378.1 million in stablecoin value, outperforming Hyperliquid by approximately 4.7 times. The development comes as the SOL price attempts to recover from its broader bearish structure. Crypto analyst Alex Marzell believes Solana has broken its macro downtrend, identifying $148 and $250 as potential upside targets if the recovery gains further momentum.
Table of Contents
Solana Outpaces Hyperliquid in Stablecoin Growth
According to data shared by the RWA Foundation, Solana recorded $378.1 million in stablecoin growth over the past 24 hours. This placed the network ahead of other competing blockchain ecosystems, with Hyperliquid ranking second.
Solana’s stablecoin growth was approximately 4.7 times higher than Hyperliquid’s during the same period. The development highlights the network’s growing liquidity presence and its position in the competition for stablecoin activity across blockchain ecosystems.
Source: RWA Foundation’s X Post
Stablecoin expansion is an important indicator of liquidity entering a blockchain ecosystem. Increasing stablecoin availability can support decentralized finance applications, trading activity, lending markets, and payments.
However, rising stablecoin value does not automatically translate into higher SOL demand. The broader impact will depend on whether the additional liquidity supports sustained activity across Solana-based applications.
Also Read: Solana Ecosystem Growth Accelerates as SOL Price Eyes Potential Recovery
Rising Stablecoin Liquidity Strengthens Solana’s Position
The latest stablecoin growth provides a positive fundamental development as investors monitor Solana’s ecosystem activity. Its lead over Hyperliquid highlights the scale of liquidity expansion recorded during the reported period.
Greater stablecoin availability can improve the capacity of decentralized exchanges and lending platforms to accommodate users. It can also support financial applications that depend on liquid dollar-pegged assets for trading and settlement.
For Solana, maintaining this momentum could strengthen its position among blockchain networks competing for stablecoin adoption. However, sustained growth in stablecoin supply and corresponding increases in application activity would provide stronger evidence of long-term ecosystem expansion.
The development also arrives as traders assess whether improving network fundamentals can support SOL’s broader market recovery.
SOL Price Breaks Macro Downtrend With $148 in Sight
Crypto analyst Alex Marzell believes the SOL price has broken its macro downtrend after reclaiming its long-term trendline. According to his analysis, the SOL price is now experiencing a pullback that could precede another upward move.
The reclaimed trendline represents an important development in the broader technical structure. However, the SOL price must maintain its position above this level and overcome local resistance to strengthen the bullish outlook.
Source: Alex Marzell’s X Post
Marzell identifies two potential upside targets: the first upside objective is $148 if SOL maintains its recovery momentum. A longer-term target is the $250 that would require stronger buying pressure and continued bullish confirmation.
The analyst’s outlook suggests that Solana’s broader market structure may be improving. However, the targets remain conditional on sustained momentum and a successful recovery above local resistance.
Sustaining the Trendline Breakout Remains Critical for SOL
Solana’s next move will depend on whether buyers can defend the reclaimed macro trendline. Holding above this structure could strengthen the recovery setup and support another attempt toward local resistance.
A successful move above nearby resistance would provide additional confirmation of the bullish structure. Conversely, losing the reclaimed trendline could weaken the breakout and expose SOL to renewed selling pressure.
Market participants will also monitor whether the recent stablecoin expansion translates into stronger decentralized finance activity and sustained ecosystem liquidity.
What Comes Next for SOL?
Solana is showing two developments that could influence its market outlook: leading stablecoin growth and a potential shift in its macro technical structure. The $378.1 million increase highlights expanding ecosystem liquidity, while Marzell’s analysis identifies $148 and $250 as possible upside targets. However, SOL must sustain its trendline breakout and reclaim local resistance before the bullish outlook gains stronger confirmation.
Also Read: Solana Records $657M in Tokenized Stock Trading as SOL Price Eyes Breakout
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Mishal Ali is a Policy and Regulations Reporter at Tron Weekly with over four years of experience covering the global crypto and blockchain space. Her reporting focuses on crypto regulations and policy, alongside Bitcoin, Ethereum, altcoins, DeFi, NFTs, Web3, Layer 2 solutions, and AI-driven crypto use cases. She also tracks Ripple-related developments, enforcement actions, licensing updates, and crypto scams and fraud trends, helping readers understand regulatory and compliance risks.
