Solana's Price Drops 2.53% Amid Declining Network Activity, USD1 Stablecoin Launch Boosts Liquidity

Solana's latest price was $196.04, down 2.533% in the last 24 hours. Despite the overall upward trend in the cryptocurrency market, Solana’s 24-hour active addresses and network growth have shown a decline. This bearish divergence, as flagged by blockchain analytics platform Santiment, indicates that while investor interest may appear strong from a price perspective, actual network usage is shrinking. Analysts interpret such divergence as an early cautionary signal, especially when mirrored with similar patterns from earlier market cycles. Maksim from Balance Research noted that these are the first broader on-chain metrics for Solana outside of social media trends, reflecting trends observed during major cycle shifts in past years.

Despite concerns from falling address activity, Solana’s role in the real-world asset (RWA) space continues to grow. The total value of RWA assets listed on the Solana network hit a record high. SolanaFloor, a platform focused on Solana ecosystem data, reported a 2.09% increase in RWA project valuations. These gains came alongside a 10% rise in net new inflows over the past 30 days. The number of wallets holding RWA tokens increased by 5.27%, reaching 66,732. Additionally, the number of listed RWA assets has grown to 92. The total value of RWA-related activity has also risen by 9.19% monthly, to $11.62 billion. Stablecoin holders on the network rose by 3%, to 11.21 million wallets.

A new dollar-backed stablecoin, USD1, created by World Liberty Financial, has expanded at an unusual speed. In just 90 days, its market cap has reached $2.2 billion. The token has now launched on Solana, a network already hosting billions in stablecoin activity. The move adds fresh liquidity to a blockchain known for speed and low fees. Solana currently supports $11.9 billion in circulating stablecoins, including Tether’s USDt, Circle’s USDC, PayPal’s PYUSD, and First Digital’s FDUSD. USD1 now joins the list. The addition comes at a time when stablecoin supply has grown more than 200% compared to the previous year. Market participants continue to seek reliable dollar exposure within decentralized finance. World Liberty Financial stated in a post that USD1 is designed for internet capital markets. The token is built to function on a high-speed network, giving users faster execution and permissionless access.

On launch day, USD1 rolled out integrations across Solana’s DeFi ecosystem. Raydium Protocol enabled deep liquidity pools for trading and exchanging the token. Kamino Finance opened borrowing and lending markets, bringing utility to holders. Bonk’s bonding curve platform also integrated USD1, linking the dollar-backed asset with one of Solana’s most active meme token communities. These integrations aim to ensure liquidity and adoption from the start. World Liberty Financial emphasized that USD1 is backed fully by reserves, maintaining redemption at par with the U.S. dollar. The group added that Solana’s infrastructure matches the pace of global trading, app launches, and capital movement. Solana’s account described the launch as part of a larger trend, where dollar-denominated assets are reshaping crypto markets. The network continues to see growing demand for stablecoins as users opt for faster settlement.

World Liberty Financial (WLFI) has launched its USD1 stablecoin on Solana, featuring a 100 million initial mint, multiple exchange integrations, and governance token listings. World Liberty Financial (WLFI) launched its USD1 stablecoin on the Solana network, and produced 100 million tokens. This move marked a major milestone and demonstrated WLFI’s goal for achieving high performance and speed by integrating with leading Layer 1 blockchains like Solana. The network’s co-founder Anatoly Yakovenko teased the announcement and expressed Solana’s support in the success of the stablecoin project. Trump’s WLFI pointed out the main mission of the project was bringing together stablecoins and internet capital markets. Given the link with U.S. president Donald Trump, USD1 stands a great chance of adoption among crypto natives as well as broader worldwide visibility. Besides, major exchanges have expressed plans of listing the stablecoin, with Coinbase confirming its plan to roll out USD1 to its users. Meanwhile, producing 100 million USD1 tokens highlights the commitment of the World Liberty Financial and marks one of the largest on-chain transactions that involves the mint of stablecoin on Solana. At the same time, the stablecoin launch also introduced a robust liquidity pool which decentralized finance users on Solana can utilize for crypto lending, trading, borrowing and settling. In addition, the mint has also expressed the rising popularity of the Solana blockchain among stablecoin issuers. Launching on a major blockchain network like Solana has also solidified WLFI’s position to the effect of competing against incumbents like Tether’s USDT and Circle’s USDC. USD1 has a better edge of competing given that it will enjoy relatively low transaction fees and high transaction speeds.

World Liberty Financial’s governance token, $WLFI, will be rolled out on top exchanges, with HTX announcing its listing of the token. Once the token goes live on the exchange, traders will be able to track and trade various pairs, including WLFI/USDT and/or WLFI/USD1. KuCoin also revealed its plan to list WLFI on the same date and described the governance token as a key component of decentralized finance, and it was going to help support and safeguard USD-based stablecoins like USD1. These listings come immediately after WLFI received $2.26 billion in funding.

The Solana blockchain ecosystem recently achieved a significant technical milestone with the near-unanimous approval and successful implementation of its "Alpenglow" network upgrade. The upgrade proposal garnered exceptional consensus, securing approval from 99.6% of participating validators. This major enhancement is fundamentally designed to drastically reduce transaction finalization times. Alpenglow introduces an advanced consensus mechanism known as the Votor-Rotor system, which enables block finality within a targeted timeframe of approximately 150 milliseconds, representing a substantial leap in processing speed. This improvement positions Solana to deliver substantially faster user experiences and enhanced scalability for decentralized applications running on its network.

In parallel development news, Solana continues to demonstrate strong adoption metrics within the rapidly growing sector of real-world asset (RWA) tokenization. Recent on-chain data reveals that the total value of tokenized real-world assets deployed and transacted on the Solana blockchain has surpassed a new peak. This milestone sees the cumulative value of these assets exceeding the $500 million threshold, achieving an all-time high for the network. This significant growth underlines the Solana blockchain's increasing utility and attractiveness to institutional and traditional finance participants exploring the tokenization of tangible assets like commodities, securities, and real estate, marking notable progress in expanding blockchain utility beyond purely digital assets.