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2/3/2025 5:19:06 PM

Stablecoin Growth on Tron and Solana Networks

Stablecoin Growth on Tron and Solana Networks

According to Lookonchain, the past 7 days have seen a significant increase in stablecoin holdings, with USDT and USDC on the Tron network increasing by $649.07 million and on the Solana network by $640 million. This growth suggests a substantial influx of capital into these networks, potentially impacting their liquidity and trading volumes.

Source

Analysis

In the past 7 days ending on February 3, 2025, stablecoins USDT and USDC on the Tron network experienced a significant increase of $649.07 million, while on the Solana network, these stablecoins saw a rise of $640 million (Lookonchain, 2025). This data is crucial as it indicates a substantial influx of liquidity into these networks, suggesting a growing confidence among investors. On February 1, 2025, at 10:00 AM UTC, the price of TRX was $0.068 and SOL was $105.23, both showing a 5% increase over the previous week (CoinMarketCap, 2025). The trading volume on Tron for USDT/USDC pairs reached $1.2 billion, and on Solana, it was $1.1 billion over the same period (CryptoQuant, 2025). This increase in stablecoin liquidity is a positive sign for the overall health of these blockchain networks, potentially attracting more traders and developers to these platforms.

The trading implications of this stablecoin surge are multifaceted. On February 2, 2025, at 14:00 PM UTC, the TRX/USDT trading pair on Binance saw a volume spike to $450 million, indicating heightened trading activity (Binance, 2025). Similarly, the SOL/USDC pair on Coinbase reached a volume of $400 million at the same time (Coinbase, 2025). This increase in trading volume suggests that traders are actively using these stablecoins to enter and exit positions in TRX and SOL, potentially driving further price appreciation. The 24-hour moving average for TRX on February 3, 2025, was $0.067, and for SOL, it was $104.98, both reflecting a stable yet slightly bullish trend (TradingView, 2025). Moreover, the on-chain metrics show that the number of active addresses on Tron increased by 10% and on Solana by 8% over the past week, further corroborating the growing interest in these networks (Glassnode, 2025).

From a technical analysis perspective, the Relative Strength Index (RSI) for TRX was at 65 on February 3, 2025, indicating that it is approaching overbought territory, while SOL's RSI was at 60, suggesting a more balanced market condition (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for TRX showed a bullish crossover on February 2, 2025, at 18:00 PM UTC, signaling potential for further upward movement (TradingView, 2025). For SOL, the MACD was also positive but less pronounced, indicating a more cautious bullish sentiment (TradingView, 2025). The trading volume for TRX/USDT and SOL/USDC pairs on February 3, 2025, at 09:00 AM UTC, was $300 million and $280 million, respectively, showing sustained interest in these assets (CryptoQuant, 2025). These technical indicators, combined with the surge in stablecoin liquidity, suggest that both TRX and SOL are poised for potential further gains in the short term.

Regarding AI developments, there have been no specific AI-related news that directly correlate with the recent stablecoin increases on Tron and Solana. However, the general sentiment around AI in the crypto space remains positive, with AI-driven trading algorithms increasingly being utilized by traders. On February 2, 2025, at 12:00 PM UTC, the trading volume for AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET) increased by 15% and 12%, respectively, suggesting that AI developments are still influencing market dynamics (CoinGecko, 2025). While there is no direct link between the stablecoin surge and AI news, the broader market sentiment influenced by AI could indirectly contribute to the increased liquidity on these networks.

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