- Solana leads all chains in DEX activity for 16 weeks and stablecoin supply on-chain has tripled this year.
- Institutions are entering fast, with BPCE onboarding SOL trading and Circle minting 2.25B USDC in a week.
- A breakout above $160 could send SOL toward $300–$350, while losing $120 risks a drop toward $80.
For sixteen straight weeks now, Solana has held the top spot in decentralized exchange activity, pulling in more volume than every other chain and even doubling Ethereum’s numbers. It’s been one of those quiet-but-relentless runs that keeps catching people off guard. With around $634 million in net inflows this year and cross-chain adoption accelerating, Solana’s DeFi ecosystem just keeps pulling in more liquidity, more users, and honestly, more attention than most expected at the start of the year.
Stablecoins Are Pouring Into Solana’s Ecosystem
One of the clearest signs of this shift is the explosive growth of Solana’s stablecoin market cap. It jumped from $5 billion in January 2025 to more than $15 billion by December — over 200% year-to-date growth. That’s massive, and it matters because stablecoins sit at the center of almost everything in crypto now. Payments, trading, liquidity layers, lending — stablecoins quietly power a huge portion of the market. Analysts have been saying for a while that the next wave of mainstream adoption will come through stablecoin expansion, and Solana seems to be proving that theory in real time.
Institutional signals are also stacking up. French banking giant BPCE rolled out SOL trading to two million customers, a move that would’ve sounded impossible a few years ago. Circle also minted a record-breaking 2.25 billion USDC on Solana in just seven days. And Solana ETFs? They’re still climbing, with net inflows now above $593 million. All of this paints a picture of a chain that’s not just trending — it’s being taken seriously at a structural level.

Solana Price Outlook: A Shot at $200 Before December Ends?
If you zoom out to the weekly SOL/USDT chart, there’s a pretty clear pattern forming. For four years, price has been bouncing off a strong horizontal support zone between $120 and $138 — that same zone was tagged again recently at $138.31. Meanwhile, a descending trendline has kept rejecting every rally, now tightening around $155 to $160. It’s like watching two walls slowly press toward each other.
That $138 support has survived five major tests since 2023, making it one of Solana’s most reliable long-term floors. If SOL can finally close a weekly candle above $160, it would break the multi-year downtrend and complete a bullish structure that points toward measured targets around $300–$350. A pretty serious breakout, if it happens.
But there’s a flip side. Losing the $120–$125 zone would likely break the setup completely and drag price toward $80 or even lower. With volume thinning during the consolidation phase and RSI sitting neutral, the market feels like it’s holding its breath. The next few weeks — especially heading into Breakpoint — could set the tone for all of 2026. This is the biggest high-time-frame decision point Solana has faced since its all-time high back in 2021.
The post Solana’s Breakout Momentum Builds – Here is Why the Next Major Move Looks Closer Than Ever. first appeared on BlockNews.

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