$1.3 billion flows back to Solana: Is SOL ready to reverse?

Solana (SOL) is silently preparing for its next move, amidst the backdrop of venture capital flowing back into Layer-1 blockchains.

Technically, SOL has not yet escaped the pressure of correction. This quarter, the price has dropped by 35%. However, the daily chart reveals an important turning point: since the sharp decline in October, SOL has established its first higher low at the 140 USD range, signaling the potential for a recovery phase to begin.

On-chain data reinforces this optimistic scenario. Solana's liquidity is surging, with stablecoin supply recording a 10% increase in just one week — equivalent to nearly 1.3 billion USD in new liquidity — bringing the total supply back to the peak level of 14.33 billion USD at the beginning of November.

Source: DeFiLlamaThe question now is: where is this liquidity flowing?

Notably, SolanaFloor has just detected an important divergence on-chain. Memecoin trading activity on Solana currently accounts for only 5% of SOL's total daily DEX volume, the lowest in two months, but Solana still leads compared to other L1 blockchains.

This shows that capital flows are gradually shifting towards opportunities with higher reliability, prioritizing core infrastructure rather than short-term speculative bubbles. In this context, is Solana entering a phase where fundamental factors will ultimately lead the market trend?

Solana demonstrates strength beyond price volatility

The market is expanding and becoming more diverse, spanning across various sectors.

Among them, Tokenization of Real-World Assets (Real-World Assets – RWA), refers to assets that are digitized and traded directly on the blockchain, has emerged as a strong growth area. Solana is proving to have a special appeal in this sector, demonstrating that the application of the network is not limited to traditional cryptocurrency transactions.

According to data from RWA.xyz, the value of RWA on Solana has increased by nearly 15% in the past 30 days, placing this network in second position among L1 blockchains in terms of monthly growth rate. In other words, more and more value from the real world is flowing into Solana, opening up a new prospect for the ecosystem.

Source: RWA.xyzThis impact is also evident in the on-chain data. The network has recently surpassed Ethereum in the number of weekly active users, with 11.1 million compared to 2.6 million, demonstrating growth not only in asset value but also in the wide and sustainable participation of the community.

Although the price of SOL has not yet surged strongly, the fundamentals of Solana remain solid. As the memecoin wave subsides and capital flows shift towards more reliable investment channels, this L1 blockchain is getting closer to a long-term growth trajectory. In this context, the influx of liquidity into SOL is a strong bullish signal, promising explosive potential in the future.

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