Solana stablecoin volumes don hit $650B; DEX divergence and SOL triggers

Published: 2026-04-01 20:47:53 |

Solana stablecoin volumes don blow reach February record about $650B (Kobeissi Letter talk am), roughly 3x pass wetin dem do for January. The jump dey linked to more use of the “digital dollar” as geopolitical wahala (the Iran story) dey push demand for stablecoins. This activity still help make Solana total monthly transaction volume near almost $2T, and people dey expect say Solana stablecoin volumes fit remain high enter March. But the article show one big difference: Solana DEX volumes don weak. DeFiLlama data show Solana DEX volume na $11.42B last week, the lowest since Oct 2024, while Ethereum DEX volume na $7.25B. Solana founder Anatoly Yakovenko yan say “fewer users left,” even though Solana still dey lead for DEX volume when you compare broadly. For SOL price action, technical tone still cautious. One analyst see SOL dey trade inside a downward channel, with resistance near the upper trendline and eye on $110; if dem reject am e go make support around $50 strong. Strong breakout scenario dey target much higher levels (up to $360, projected for Q1 2027). For press time, SOL dey around $83 (+0.7% intraday). Traders fit treat $85 as near-term trigger and $80 (then $78) as key support/invalidation zones, dey watch volatility potential if liquidity build above resistance. Overall, Solana stablecoin volumes fine for usage, but weaker DEX activity add scatter—so SOL fit see event-driven swings instead of smooth trend.

Neutral

Solana stablecoin volumes wey dey rise reach about ~$650B na better tailwind wey come from usage for SOL, and fit support demand-driven volatility for short term. But the article show clear divergence — Solana DEX volumes don fall to lowest since Oct 2024 and talk say fewer users — e reduce confidence say on-chain activity na broad-based. That mix point to neutral market impact for SOL: upside momentum fit happen if resistance levels break (e.g., $85/$110), but weak DEX signals dey raise chances of rejection, liquidity sweeps, or range-bound action around key supports ($80 then ~$78, with $50 waka out by one analyst). For longer term, potential for bigger rally dey under strong breakout scenario, but current cross-market indicators dey advise caution and tighter risk management.