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Solana Soars to Multi-Month High as Stablecoin Market Cap Surpasses $17 Billion

Guavy AI Editorial Team
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Solana's SOL token has reached a multi-month high of $120.92, marking its first time above this level since January 29.

The surge in price comes as Solana's stablecoin market capitalization hit a new all-time high of $17.394 billion on September 25, according to DefiLlama.

This significant milestone is attributed to the growing adoption and usage of Solana's decentralized finance (DeFi) ecosystem, with reported spot volume reaching $2.69 billion on September 24, exceeding Coinbase's daily volume by nearly 13.5%.

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