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Solana News
NullTX
4w
303
Image Credit: NullTX
Solana Sees $8.5 Billion in USDC Minted by Circle, While Struggling to Maintain Position in DeFi Rankings
- Activity on Solana blockchain has surged in 2025, especially around the minting of USDC by Circle in the DeFi space.
- $8.5 billion USDC has been minted on Solana by Circle since January 2025, with $6 billion in January and $2.5 billion in February.
- Despite the significant USDC minting, Solana has fallen out of the top 10 revenue-producing protocols in DeFi rankings.
- The minting activity reflects USDC's popularity as a primary stablecoin on Solana, essential for trading and liquidity in DeFi.
- Solana's capability to handle large-scale stablecoin transactions is crucial for its positioning in the DeFi landscape.
- However, Solana's network instability issues have impacted user confidence, leading to competition from other smart contract platforms.
- Stablecoins like USDC and USDT continue to dominate the DeFi scene, while Solana faces challenges in the DEX ecosystem.
- Other DeFi leaders like PancakeSwap, Uniswap, HypeSwap, Lido Finance, and Jito Labs are gaining prominence in the market.
- Solana must address network stability, attract developers, and enhance user experience to regain its position among leading DeFi platforms.
- The rapid minting of USDC on Solana by Circle emphasizes its role in the stablecoin and DeFi space, but Solana faces challenges in maintaining its ranking.
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Cryptopotato
4w
89
Image Credit: Cryptopotato
Crypto Price Analysis February-28: ETH, XRP, ADA, BNB, and SOL
- Ethereum (ETH) has lost support at $2,400, falling by 21% in the past week. A critical level for ETH is $2,000, and if lost, it may enter a bear market.
- Ripple (XRP) closed the week with a 23% loss and faces a strong support level at $2. If it falls below, the rally could be over.
- Cardano (ADA) lost key support at $0.64 and experienced a 25% price drop. Further decline to $0.45 is possible.
- Binance Coin (BNB) fell by 12% and lost support at $600. Potential support levels for BNB are at $550 and $500.
- Solana (SOL) registered a 27% loss in the past week and is approaching the critical support level at $100.
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TronWeekly
4w
138
Image Credit: TronWeekly
Solana Set to Vote on Bold Proposal: SIMD-0228 to Reduce Inflation by 80%
- Solana is set to vote on a proposal, SIMD-0228, to reduce token inflation from 4.5% to 0.87%.
- The proposal aims to adjust SOL emissions based on staking participation and aims to stabilize the token supply.
- Some smaller validators are concerned that the new model could favor larger players and lead to the concentration of staking rewards.
- The upcoming vote is crucial for Solana's tokenomics and its success will depend on weighing the potential benefits against the risks of reduced staking rewards and market pressures.
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8 Likes
Moneyweb
4w
241
Bitcoin down 25% from all-time high as crypto rout worsens
- Bitcoin is down more than a quarter from its all-time high as the crypto rout worsens.
- During Asian trading hours, Bitcoin fell 5.5% to $79,627, hitting its lowest level since November 10.
- The selloff reflect concerns about President Donald Trump's combative stance and broader worries about the US economy.
- Investors dumped shares following Trump's latest comments on tariffs, leading to a broad risk-off shift among Asian investors.
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Cryptonews
4w
348
Image Credit: Cryptonews
SOL Plunges as Solana TVL Drops and Pump.fun Launches Down
- Solana's native token (SOL) and total value locked (TVL) have both dropped over 40%, reflecting a major decline in usage and investor confidence.
- Over US$1 billion in assets left the network in three months, mostly migrating to Ethereum and newer blockchains like Sui and Base.
- The memecoin market on Solana plummeted more than 60%, with Pump.fun's recent hack amplifying losses and damaging trust further.
- Solana's native cryptocurrency, SOL, is trading below US$137 (AU$219), representing a 52% drop from its all-time high of US$295 (AU$474) on January 19.
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Cryptoninjas
4w
183
Image Credit: Cryptoninjas
SOL Experiencing Downtrend: TVL Drops, Memecoin Mania Wearing Off and Price at Risk of Falling Below $110
- The Total Value Locked (TVL) in Solana has dropped 40% in the past month, indicating a decline in network activity.
- The fading memecoin frenzy on Solana has contributed to periods of stagnation for SOL's price.
- In technical terms, the SOL price is expected to reach $110 before finding strong support.
- Solana is experiencing a significant retracement after a period of remarkable growth influenced by DeFi innovation and memecoin popularity.
- The drop in Solana's TVL by 39.2% over the past 30 days is the largest recorded in the ecosystem since 2022.
- A decreasing TVL can signal declining user adoption, developer activity, and confidence in the network.
- Not all Solana-native DeFi protocols were equally impacted by the TVL drop, with platforms like Raydium experiencing a significant plunge.
- The decline in DeFi activity has led to lower on-chain volumes, with trading volumes dropping from $97 billion to $11 billion a week.
- The crash of Solana memecoins reflects dwindling investor risk appetite and enthusiasm for speculative plays within the ecosystem.
- From a technical analysis perspective, SOL's price is showing bearish signals, potentially facing a corrective move towards the $110-120 range.
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Bitcoinsensus
4w
31
Image Credit: Bitcoinsensus
DTCC Lists First Set of Solana Futures ETFs
- Depository Trust and Clearing Corporation (DTCC) lists the first set of Solana futures ETFs, Volatility Shares 2x Solana ETF (SOLT) and Volatility Shares Solana ETF (SOLZ).
- This listing does not guarantee automatic approval from the SEC, but it represents an important step towards it.
- Volatility Shares -1x Solana ETF has not been listed, but the company is working on getting it approved.
- The development of Solana Futures ETFs is a significant development in the evolving regulations and crypto landscape.
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1 Like
Bitcoinist
4w
357
Image Credit: Bitcoinist
Solana’s Uptrend In Sight? Gaussian Channel Support Points To Potential Price Reversal
- Solana's price has experienced a significant decline in the past week, falling by nearly 23%.
- A bullish Gaussian Channel pattern on SOL's chart indicates potential for an upside momentum and price recovery.
- The mid-band of the Gaussian Channel is currently providing support for Solana, and a price reversal may be expected.
- However, the bearish pressure from meme coins fatigue and the upcoming $1.7 billion SOL token unlock pose challenges for Solana's price.
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21 Likes
TronWeekly
4w
125
Image Credit: TronWeekly
Volatility Shares’ First Solana Futures ETFs Launch on DTCC
- Volatility Shares has launched the first Solana futures exchange-traded funds (ETFs) listed on the Depository Trust & Clearing Corporation (DTCC).
- Coinbase Derivatives LLC introduced CFTC-regulated Solana futures contracts, indicating potential approval prospects for Solana ETFs.
- The SEC has received filings for spot Solana ETFs, reflecting growing interest in Solana as an investment product.
- The launch of Solana futures ETFs and Coinbase's Solana futures contracts signify the increased integration of Solana into mainstream financial markets.
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7 Likes
Newsbtc
4w
299
Image Credit: Newsbtc
Solana Bulls Push For A Price Recovery Amid Market Volatility
- Solana is showing renewed strength, signaling a potential turnaround after holding above $137 decisively.
- Buyers are stepping in at key support levels, pushing the price higher and challenging major resistance zones.
- The renewed strength brings the 100-day Simple Moving Average (SMA) into focus, a critical barrier for SOL's recovery.
- Potential risk of another bearish turn with a possible drop below the $137 mark, but $118 zone might act as a key level of stability.
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18 Likes
Bitcoinist
4w
192
Image Credit: Bitcoinist
Solana Drops 50%—Asset Manager Warns ‘The Casino Is Collapsing’
- Solana (SOL) has dropped 50% in the past five weeks.
- The decline is attributed to market volatility, upcoming FTX estate unlock, and speculative frenzy in memecoins.
- Crypto asset manager Travis Kling warns about the potential unraveling of the investment thesis of 'owning the casino.'
- Kling also highlights the negative impact of memecoin speculation and mentions the potential bullish catalyst of the approval of spot Solana ETFs.
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11 Likes
TronWeekly
4w
335
Image Credit: TronWeekly
Solana Futures ETFs Gain Recognition as DTCC Adds SOLZ and SOLT
- The Depository Trust & Clearing Corporation (DTCC) has listed two Solana futures exchange-traded funds (ETFs) - SOLZ and SOLT.
- SEC approval for the Solana ETFs remains uncertain, creating risk for investors.
- The listing of Solana ETFs on the DTCC platform could pave the way for institutional adoption.
- Coincodex analysts predict a 53.74% price increase for Solana by 2025, depending on market and regulatory conditions.
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20 Likes
Zycrypto
4w
111
Image Credit: Zycrypto
First Set Of Solana Futures ETFs Listed On DTCC; Are Spot SOL ETFs Next?
- The Depository Trust & Clearing Corporation (DTCC) has listed two proposed Solana futures ETFs, marking the first SOL-based investment products to be added to DTCC's list of funds.
- The listed ETFs are the Volatility Shares 2x Solana ETF and the Volatility Shares Solana ETF, under the tickers SOLT and SOLZ respectively.
- Volatility Shares' filing of Solana futures-based ETFs indicates progress toward potential Solana spot ETF approvals, expanding access to digital asset-focused products.
- The US Securities and Exchange Commission has recognized spot Solana ETF applications, including those from 21Shares, Bitwise, Canary, and VanEck, suggesting progress toward approvals.
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6 Likes
Cryptopotato
4w
317
Image Credit: Cryptopotato
Sonic Introduces Its Mobius Mainnet to Serve as a Seamless Extension of Solana
- Sonic, the first chain extension built on Solana, launched its Mobius mainnet.
- Mobius mainnet enables Sonic to serve as a seamless extension of Solana.
- Sonic offers transaction fees that are 50% lower than Solana and eliminates block space competition.
- The launch of Mobius marks the beginning of a new era for Web3 applications on the SVM.
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19 Likes
Bitcoinsensus
4w
411
Image Credit: Bitcoinsensus
Solana Price Prediction: February’s End and What’s Next
- Solana remains in a bearish structure with liquidity below previous lows.
- Short setups and potential long setups in specific key zones are being considered.
- Understanding liquidity sweeps and market psychology is crucial.
- Waiting for proper confirmations before taking action is recommended.
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