Solana Surpasses Ethereum in DEX Volume and Price Forecast

Solana has become the leading platform for stablecoin settlements, surpassing Ethereum and Tron in volume for three consecutive months, with its rise attributed to the growth of USD Coin (USDC). Solana's stablecoin volume in the first three months of 2024 was 3.8 times higher than the total volume in 2023, and USDC became the most traded stablecoin, overtaking Tether. However, despite these achievements, Solana's native token SOL failed to break above $175 in the last 24 hours of trading, after briefly surpassing $200 due to meme coin speculation.