Solana has experienced significant growth recently, with its stablecoin supply surpassing $10 billion for the first time, primarily driven by the launch of the TRUMP memecoin and increasing capital inflows. This surge in stablecoin supply is vital for the Solana ecosystem, as it boosts liquidity and demand for $SOL. The daily new address registrations have peaked, reflecting a growing user base. Meanwhile, the total value locked (TVL) in Solana's decentralized finance (DeFi) protocols has surged over 800% year-to-date, rising from $1.3 billion to nearly $12 billion, with the leading DEX contributing significantly to this growth. Historical trends indicate a strong correlation between rising stablecoin supply and SOL price increases, suggesting that SOL may reach as high as $362 by March 2025, with bullish analysts predicting potential price targets ranging from $450 to $1,099 in the near future.

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