Solana recently celebrated a remarkable week marked by notable events, including the TRUMP memecoin launch and Donald Trump's inauguration. This activity propelled Solana's stablecoin supply to a record $10B, with a 77.5% increase observed over the past week. This surge in stablecoin supply is viewed as a key factor driving total value locked (TVL) growth in Solana’s decentralized finance (DeFi) ecosystem, which has skyrocketed by 800% in the past year. As of January 24, 2025, Solana's TVL reached $11.98 billion from $1.3 billion a year earlier. Analysts speculate on the potential price trajectory of SOL, suggesting that a growth in stablecoin supply could lead to a 45% price increase, forecasting SOL’s price to hit around $362 by March 2025. Expectations are high, with some analysts predicting potential price targets between $678 and $1,099 if current trends continue, reaffirming the overall bullish sentiment regarding Solana’s ecosystem and future market movements.

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