Solana's USDT Volatility Spikes
Solana recently celebrated its fifth anniversary, and a new study highlights significant USDT volatility on its network. This heightened volatility suggests substantial speculative activity, influenced by the recent surge in meme coin popularity and other market factors. Web3 payments platform Mercuryo shared these findings exclusively.
Solana's USDT Volatility: A Closer Look
The study, conducted by Mercuryo, a Web3 infrastructure firm, reveals unusually high USDT volatility on Solana's transport layer. This volatility is considered "extreme" by Mercuryo's analysis.
"Solana is captivating global crypto traders. Our data shows unprecedented trading activity in Tether (USDT) on Solana, reflecting explosive interest over the past year," says Greg Waisman, Mercuryo's Co-founder and COO.
In 2025 alone, Solana experienced five major spikes in USDT volatility. Daily trading volumes fluctuated wildly over the past two months. These fluctuations included three significant increases (ranging from 100% to 137%) and two comparatively smaller decreases (60%-70%). For example, a 100% increase on January 13th was followed by a 63% drop a week later, only to surge again by 129% on January 27th.
Several factors contribute to this volatility. The explosive growth of Solana-based meme coins, particularly through launchpads like Pump.fun, plays a significant role. This has fueled intense trading activity, with Solana's daily volumes sometimes surpassing Ethereum's.
Over the past five years, Solana has processed over 408 billion transactions and nearly $1 trillion in value on decentralized exchanges (DEXs). While growth has been consistent since 2023, capital inflow volatility remains substantial.
This high volatility underscores significant trader interest in Solana. The network's impressive growth over the past five years positions it for further advancements.
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