Recent Solana News details Circle’s issuance of over 8 billion USDC on the Solana network this year, an expansion tied to the region’s growing appetite for regulated stablecoins. Although DeFi activity on Solana has waned, with its TVL dropping from , liquid staking still appeals to those seeking lower-risk yields.
The network’s potential token unlocks, slated to release millions of SOL into the market, also weigh on sentiment. For some, these factors signal a chance for short sellers to push SOL below key supports unless renewed demand steps in.
Meanwhile, European compliance progress has favored Circle’s USDC, overshadowing rival stablecoins that lack such credentials. This acceptance has fueled further supply gains across 16 blockchain networks. Still, the tepid on-chain activity for specific Solana-based dApps leaves many holders uncertain.
Should the minted USDC fail to catalyze new projects or major capital inflows, Solana News could lean negative, especially if big wallets start trimming positions. Observers say a move might help restore bullish confidence, yet the threat of unlocking events remains a source of caution.