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Solana’s USDT volatility has reached “extreme” levels, driven by high trading activity on its transport layer.
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Mercuryo’s study shows five significant volatility spikes in 2025, with daily USDT trade volumes fluctuating drastically.
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Solana’s meme coin boom, especially platforms like Pump.fun, has fueled intense trading interest and market activity.
Explore the extreme USDT volatility on Solana’s transport layer driven by meme coins and high trading activity. Discover insights from Mercuryo’s study.
Solana’s Extreme USDT Volatility
Solana, the second-largest blockchain in the industry, just celebrated its fifth birthday. Its genesis block was mined on March 16, 2020. In honor of this milestone, Web3 infrastructure firm Mercuryo conducted a study on it.
According to this study, USDT volatility on Solana’s transport layer is currently at an “extreme” level.
“Solana captivates the interest of crypto traders across the globe. As Solana celebrates its fifth birthday, our transaction data on Tether tokens on the Solana transport layer suggests an unparalleled level of trading activity amid an explosion of interest in trading opportunities on Solana that we’ve seen over the past 12 months,” claimed Greg Waisman, Co-founder and COO at Mercuryo.
Solana’s USDT volatility has already spiked five times in 2025 alone. The network’s daily USDT trade volumes fluctuated dramatically in the past two months.
This consisted of three spikes and two drops, both of which were significantly smaller than the spikes. Both drops were in the 60%- 70% range, while the increases ranged between 100% and a whopping 137%.
More specifically, Solana saw a 100% increase in USDT trading on January 13. A week later, this activity dropped by 63% and again surged by 129% on January 27. This level of unprecedented capital movements is often rare for any blockchain network.
Mercuryo claims that this volatility is caused by several factors, but the explosion of Solana meme coins is particularly important. Thanks to major meme coin launchpads like Pump.fun, Solana trade volumes have spiked in recent months, even surpassing Ethereum on a few occasions. This rising interest helps fuel intense activity and these wild swings.
Over the past five years, its network has processed more than 408 billion transactions and nearly $1 trillion worth of value on decentralized exchanges. While Solana has shown gradual growth since 2023, the volatility of capital inflow has been chaotic, to say the least.
Ultimately, this enhanced level of volatility shows that Solana has a lot of interest among crypto traders. The network has grown remarkably over the last five years, and it’s already poised to make major advancements in the near future.
Future Outlook for Solana’s Trading Landscape
As Solana continues to evolve, analysts suggest that the intense volatility could present both risks and opportunities for traders. With the emergence of new projects and increased participation from retail investors, the market dynamics on Solana’s transport layer are likely to remain unpredictable. Staying abreast of market trends and data will be crucial for investors looking to navigate this high-stakes environment.
Conclusion
In conclusion, Solana’s high USDT volatility reflects both the enthusiasm of the trading community and the impact of meme coin dynamics. This significant level of interest may pave the way for further developments on the platform. As Solana approaches its sixth year, maintaining a careful watch on trading trends will be essential for those invested in or considering entry into this rapidly evolving ecosystem.
