Solana ($SOL ) is demonstrating remarkable resilience this Thursday, trading at $81.61** with 24-hour volume surging to **$282.05 million USDT. While the broader market shows caution—evidenced by the 54.40% decline from last year’s levels—institutional confidence is silently accumulating beneath the surface.

The turning point narrative is now backed by data. Solana’s stablecoin ecosystem has reached an unprecedented milestone: USDC/USDT trading volume now accounts for 25% of全网交易量, dramatically outpacing Ethereum’s 3%. More critically, 57.43% of this volume is USDC-dominant, signaling deep institutional trust rather than retail speculation. USDC’s 6.77% yield on Solana further cements its status as the preferred settlement layer.

Simultaneously, OSL’s USDGO stablecoin—backed by a $200 billion reserve—has allocated 50% to Solana-native assets**, effectively creating a **$100 billion liquidity buffer that fundamentally strengthens the $71.49 support zone. This is not technical conjecture; it is on-chain structural transformation.

Phantom Wallet’s newly launched Chat function has attracted 5 million monthly active users in just two weeks, with transaction volume accompanied by messages surging 300%. Network activity is rebooting from the application layer upward.

Technically, SOL holds the critical 2023 bottom at $71.49 with MACD signaling bullish divergence**. Analysts project a near-term path to **$106.23 (20-MA), followed by $140.97 (61.8% Fibonacci). When price disconnects from fundamentals, facts restore clarity.

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