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How strong is the capital-absorbing ability of #BinanceBlockchainWeek ? Circle just poured 1 billion USDC onto the Solana on-chain in 24 hours.
What does this number mean? Since November 10, Circle has cumulatively minted USDC on Solana, reaching a historical high of $12.25 billion.
Why is capital flooding in? It may be related to several hotspots in the Solana ecosystem: the Meme coin sector continues to be hot, DeFi protocol TVL is surging, and there are more and more on-chain payment scenarios. The demand for stablecoins is skyrocketing, and Circle naturally needs to accelerate its printing to keep up with the pace.
Currently, Solana is like a liquidity black hole, continuously absorbing stablecoins. Will this influx of funds help SOL price break through that key resistance level next week? It's worth keeping an eye on.
$SOL $SOL $BTC
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