The TRUMP coin's introduction on January 17 sparked excitement, which translated into increased demand for Solana's stablecoins.
The memecoin reportedly ignited a frenzy, pushing Solana-based DEXs to set a new daily trading volume record of $25 billion.
Cryptocurrency Solana (SOL) experienced an astonishing
surge in its stablecoin market, driven by an unlikely catalyst, TRUMP, a
memecoin tied to former U.S. President Donald Trump.
This meme-driven frenzy has propelled Solana's total
stablecoin supply to an unprecedented $10 billion, doubling in just a few
weeks. As the TRUMP coin gained traction on Solana's decentralized exchanges
(DEX), it sparked a wave of liquidity inflows, Coindesk reported.
Solana Stablecoin Market
Solana, a high-speed blockchain known for its low-cost
transactions, has recently become the focal point of a massive increase in
stablecoin liquidity.
Solana, Source: CoinMarketCap
Data from Artemis Terminal shows that Solana's total
stablecoin supply has skyrocketed to $10.5 billion, marking a twofold increase
since the start of January. Leading the charge is Circle's USDC, which experienced
its circulation surpassing $8 billion, adding over $4 billion in just this month
alone.
Meanwhile, Tether's USDT supply reportedly more than
doubled, reaching $2 billion from a mere $917 million. Stablecoins like USDC
and USDT are essential to the cryptocurrency ecosystem, providing liquidity for
trading on decentralized platforms.
With these tokens now flowing in greater volumes,
Solana's blockchain has become a thriving hub for crypto trading. The tipping
point for this meteoric rise came with the January 17 launch of TRUMP coin, a
memecoin tied to Donald Trump, on Solana's decentralized exchange Meteora.
Source: Artemis Terminal
Impact of TRUMP Memecoin
While it initially traded against USDC, the excitement
around the token quickly translated into massive demand for Solana's
stablecoin. The TRUMP coin's introduction came at a time when
Solana's ecosystem was already seeing heightened activity following
crypto-friendly developments.
However, the memecoin created a frenzy of its own,
igniting record trading volumes across DEXs and pushing Solana into the
limelight. As a result of this increase in on-chain trading activity,
Solana-based decentralized exchanges set a new daily volume record of $25
billion.
This represents 74% of the total DEX trading volume
across all blockchains, a significant milestone for the network. The surge in activity also extended to Solana's native
token, SOL, which outperformed the broader market with a 20% gain, far
outpacing Bitcoin's 2% rise.
Cryptocurrency Solana (SOL) experienced an astonishing
surge in its stablecoin market, driven by an unlikely catalyst, TRUMP, a
memecoin tied to former U.S. President Donald Trump.
This meme-driven frenzy has propelled Solana's total
stablecoin supply to an unprecedented $10 billion, doubling in just a few
weeks. As the TRUMP coin gained traction on Solana's decentralized exchanges
(DEX), it sparked a wave of liquidity inflows, Coindesk reported.
Solana Stablecoin Market
Solana, a high-speed blockchain known for its low-cost
transactions, has recently become the focal point of a massive increase in
stablecoin liquidity.
Solana, Source: CoinMarketCap
Data from Artemis Terminal shows that Solana's total
stablecoin supply has skyrocketed to $10.5 billion, marking a twofold increase
since the start of January. Leading the charge is Circle's USDC, which experienced
its circulation surpassing $8 billion, adding over $4 billion in just this month
alone.
Meanwhile, Tether's USDT supply reportedly more than
doubled, reaching $2 billion from a mere $917 million. Stablecoins like USDC
and USDT are essential to the cryptocurrency ecosystem, providing liquidity for
trading on decentralized platforms.
With these tokens now flowing in greater volumes,
Solana's blockchain has become a thriving hub for crypto trading. The tipping
point for this meteoric rise came with the January 17 launch of TRUMP coin, a
memecoin tied to Donald Trump, on Solana's decentralized exchange Meteora.
Source: Artemis Terminal
Impact of TRUMP Memecoin
While it initially traded against USDC, the excitement
around the token quickly translated into massive demand for Solana's
stablecoin. The TRUMP coin's introduction came at a time when
Solana's ecosystem was already seeing heightened activity following
crypto-friendly developments.
However, the memecoin created a frenzy of its own,
igniting record trading volumes across DEXs and pushing Solana into the
limelight. As a result of this increase in on-chain trading activity,
Solana-based decentralized exchanges set a new daily volume record of $25
billion.
This represents 74% of the total DEX trading volume
across all blockchains, a significant milestone for the network. The surge in activity also extended to Solana's native
token, SOL, which outperformed the broader market with a 20% gain, far
outpacing Bitcoin's 2% rise.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
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👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
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In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
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#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
