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Solana sees $70B USDC minted in 2026 but SOL price drops 35% amid weak on-chain activity.

Market News
19 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

In 2026, Circle minted over $70 billion worth of USDC on Solana, boosting the network's stablecoin liquidity significantly. Despite this surge in liquidity and monthly active users surpassing 100 million, Solana's price has fallen over 35%, and on-chain transaction volume and trading activity have slowed down. This suggests that while liquidity is increasing, it hasn't yet translated into stronger demand or price recovery for SOL. The growing USDC supply may fuel speculation but also risks weakening Solana's outlook if it doesn't lead to sustained network growth.

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