According to @AltcoinGordon, the stablecoin supply on Solana reached a new all-time high yesterday, indicating increased liquidity and potential for heightened trading activity on the network (source: https://twitter.com/AltcoinGordon/status/1915693514844709172). Traders should monitor Solana-based DeFi protocols and DEX volumes, as surging stablecoin inflows often precede market volatility and new opportunities in SOL and related tokens.

According to Miles Deutscher, memecoins constitute 70% of Solana DEX volumes, highlighting the need for the Solana ecosystem to diversify into other sectors as memecoins lose their allure. This could be crucial for maintaining Solana's on-chain dominance. Traders should monitor Solana's strategic shifts and potential developments in new verticals to capitalize on future opportunities.

According to Miles Deutscher, Sonic ($S) has climbed to 6th place in daily decentralized exchange (DEX) volumes, marking an 84% increase from the previous week. It now surpasses other significant blockchains such as Sui, Berachain, and Hyperliquid. This growth indicates increasing investor interest and liquidity moving towards the Sonic ecosystem.