Solana had an exceptional week, fueled by the launch of the TRUMP and MELANIA memecoins, U.S President Donald Trump’s inauguration, and heightened enthusiasm around ETFs.
The token’s price rose to a new all-time high of $294 which was reached on January 19 2024, though has dropped ~15% at the time of writing to ~$250.
Solana last 30 daysThe surge also led to a record stablecoin supply and a significant increase in total value locked (TVL) within the Solana ecosystem.
Solana’s stablecoin supply soared over the past week, surpassing $10 billion for the first time and setting a new all-time high. A key driver behind this surge appears to be the popularity of Trump family memecoins, including the Official Trump (TRUMP) and Official Melania Meme (MELANIA) tokens.
Solana Stablecoin Mcap in 2025These memecoins have drawn billions in capital inflows, introducing hundreds of thousands of new users to the Solana ecosystem.
The influx of users pushed the daily number of new Solana addresses to nearly 9 million – an all-time high – just ahead of President Donald Trump’s inauguration on January 20 2025.
The memecoin frenzy also caused a surge in its total value locked (TVL). Solana’s TVL has skyrocketed from $1.3 billion on January 24 2024, to $11.98 billion today, marking an extraordinary year-to-date increase of over 800%.
In just the past week, the TVL saw a sharp 24.7% rise, underscoring the explosive growth and renewed investor interest driven by the memecoin buzz and increasing activity on the platform.
Meanwhile, Raydium, the leading decentralized exchange (DEX) on the Solana blockchain and second most on TVL, has been a major driver behind the platform’s growth. The DEX currently contributes $3.89 billion to Solana’s total value locked (TVL), reflecting a 24% increase over the past seven days and a remarkable 36% growth in the last month.
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