Price Analysis

Solana Overtakes Ethereum in Stablecoin Activity, is 20% Price Rally Next?

Solana surpasses ETH in stablecoin activity, signaling growing market confidence. ETH faces competition as SOL strengthens its DeFi presence
Published by
Solana Overtakes Ethereum in Stablecoin Activity, is 20% Price Rally Next?

Highlights

  • Solana leads in stablecoin growth, outpacing Ethereum with rising adoption.
  • Lower fees and speed drive Solana’s dominance in stablecoin transactions.
  • Solana price dips by 10% in the past 24-hours, hovering below $230

Solana has surpassed Ethereum in stablecoin activity, showcasing its growing influence in the crypto ecosystem. Despite a recent 10% price dip, SOL’s momentum remains significant. ETH price hovers near $3k and faces stiff competition as Solana advances. Following its ATH earlier this month, market watchers speculate whether the recent Solana price correction could fuel a 20% rally in the near term.

Advertisement

SOL Overtakes ETH as Solana Price Crashes 10%

Solana price plummeted 10% as the crypto market faced sharp declines. Bitcoin fell to $100K, while ETH, XRP, and DOGE also tumbled. The global crypto market cap decreased by 6%, now at $3.37 trillion. Monday’s volatility highlights ongoing market uncertainty affecting top cryptocurrencies and altcoins alike.

SOL has overtaken Ethereum in stablecoin supply growth, marking a significant shift in the crypto market. Data from Artemis shows Solana leading with a monthly net supply increase of approximately $5.3 billion, surpassing Ethereum’s $4.2 billion growth. 

This surge highlights increasing confidence in Solana’s blockchain, known for its speed and lower transaction costs. The trend suggests traders and DeFi users favor SOL for stablecoin transactions, reflecting its growing role in the ecosystem.  

The rapid rise in Solana’s stablecoin supply could signal a broader shift in market dynamics. ETH has long dominated the stablecoin sector, but Solana’s lower fees and faster processing times are attracting more users. 

Other chains, such as Base and TON, also showed positive supply growth, while networks like Tron and Arbitrum saw declines. As liquidity flows into Solana, the competition between blockchains intensifies, reshaping the DeFi landscape. 

This development raises questions about the future of stablecoin settlements and whether Solana can maintain its momentum over Ethereum.

Source- X
Advertisement

Will SOL Rebound or Drop Further?

The SOL price today is trading at $222, marking a 10% decline over the last 24- hours. The price has fallen below the key $250 resistance level, testing support around $221. 

A further drop could push the Solana price forecast toward the next significant support at $180. However, a bounce from current levels may see a retest of $250, surging by 10%, with a potential breakout leading to $300. 

The RSI indicator is currently at 29.69, suggesting oversold conditions on the 4-hour chart. A recovery from this zone could trigger a price rebound. 

SOL Price chart: TradingView

Solana’s stablecoin growth signals a shift in market preference, challenging Ethereum’s dominance. With strong fundamentals and DeFi momentum, SOL could rally if bullish sentiment returns. However, resistance levels remain key, and further declines could test investor confidence in the short term.

Advertisement

Frequently Asked Questions

Why is Solana surpassing Ethereum in stablecoin activity?

Solana's lower fees and faster transactions attract more users for stablecoin settlements.

How much has Solana’s stablecoin supply grown?

Solana's stablecoin supply increased by $5.3 billion in a month, surpassing Ethereum's $4.2 billion growth.

What caused Solana’s recent 10% price drop?

The broader crypto market correction led to Solana's decline, alongside Bitcoin, Ethereum, and other major altcoins.
Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds

Cardano price crash continued today, Oct. 30, after the Federal Reserve delivered a hawkish cut.…

October 30, 2025
  • Price Analysis

Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal

Bitcoin price dropped sharply, sliding 4% in the past 24 hours to $108,398. The decline…

October 30, 2025
  • Price Analysis

Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies

The Pepe Coin price has drawn renewed attention as analysts and whales hint at growing…

October 30, 2025
  • Price Analysis

Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?

Solana price remains resilient above the $190 mark, showing signs of bullish momentum despite recent…

October 30, 2025
  • Price Analysis

Pi Coin Price Targets $0.65 as ISO 20022 Membership Boosts Institutional Confidence

Pi coin price has rebounded strongly, breaking its multi-month descending structure and targeting the $0.65…

October 30, 2025
  • Price Analysis

Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level

Ethereum has overtaken Bitcoin in institutional treasuries, signaling a notable change in digital asset accumulation…

October 29, 2025