- Solana, a veritable Energizer bunny, logs 86 million transactions, leaving others in the dust.
- Could stablecoin liquidity be SOL‘s knight in shining armor? Stay tuned!
In the grand scheme of blockchain analytics, Solana [SOL] is the belle of the ball, tripping the light fantastic with over 4 million daily active addresses and a dizzying 86 million transactions.
Meanwhile, poor Tron [TRX] staggers along with a mere 3 million addresses and 75 million transactions, while Near Protocol [NEAR] humbly boasts 2 million addresses and 25 million transactions.
BSC, ever the wallflower, with just 1.5 million addresses and 50 million transactions, watches from the sidelines.
SOL’s network usage is positively operatic, marking it as the Liza Minnelli of blockchains—highly scalable and always ready for a show-stopping performance.
All these transactions suggest that developers are flocking to Solana like bees to a honey pot, enriching its ecosystem with their sweet, sweet code.
With such high network usage, system admins might need to invest in some new jazz hands to keep up the pace.
Stablecoin supply: A Tale of Two Cities
Stablecoin supplies are growing like Topsy, thanks to the upcoming GENIUS Act. In 2024, the total supply was a whopping 138.2B, with Ethereum and Tron leading the charge.
By 2025, the total had bloomed to 225.4B, with Solana’s stablecoin supply increasing by a whopping 130%. Move over, Ethereum!
Solana’s stablecoin issuance platform is the talk of the town, drawing in DeFi projects and users like moths to a flame.
With higher trust and improved utility, Solana is the blockchain equivalent of a five-star restaurant, but watch out for kitchen fires!
Solana’s cup-and-handle pattern: A Tea Leaf Reading
SOL’s price action has formed a classic cup-and-handle pattern, which, if you believe in such things, is a good omen for the future.
The SOL price rallied from $95 to $118 before settling into the handle, a minor consolidation between $110-$114.
If SOL can surpass $120 with a bit of oomph, it might just dance its way up to $135-$140. But if it falters at $110, it’s back to the drawing board.
A fall below $98 could spell disaster, sending SOL spiraling down to $90. A confirmed breakout requires a volume increase that would make a rocket scientist blush.
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2025-03-16 12:12