Solana’s stablecoin ecosystem is experiencing rapid growth, with a 5.6% rise in supply and a 90% surge in transaction volume within the past 30 days. This impressive progress aligns with recent regulatory developments, including the passage of the GENIUS Act in the U.S., which is expected to boost Solana’s stablecoin sector. Experts anticipate continued institutional investment as Solana ETFs gain traction. However, Solana’s price experienced a decline on August 26th, dropping to $188 and challenging the critical $200 psychological mark. Despite this dip, Greg King, CEO of REX Financial, offers a bullish outlook on Solana’s future, predicting a significant surge in the token driven by growth in its stablecoin sector. Notably, REX Financial has substantial assets under management, including a Solana Staking ETF that recently reached $177 million. 30-day data reveals a strong increase in stablecoin supply to $12 billion, positioning Solana as the second largest chain in terms of stablecoin supply. Additionally, transaction volume surged by 90%, reaching $192 billion during this period. This rapid growth is expected to generate more network fees, currently averaging around $1.4 million per day. Regulatory support and market catalysts are driving Solana’s continued growth. The passing of the GENIUS Act has cleared the way for stablecoin regulation and a favorable environment for expansion. The surging interest in Solana-focused ETFs, with nine companies applying for spot SOL ETFs, is anticipated to attract substantial investments from American investors, mirroring trends observed with Bitcoin and Ethereum. Technical chart analysis suggests potential price growth; after dipping to $93.35 in April, the SOL token has been on an upward trajectory. A golden cross pattern, a bullish indicator, emerged on July 22nd, strengthening Solana’s future prospects. Currently, resistance is encountered at the 61.8% Fibonacci retracement level. However, if it breaks this resistance, a potential 55% surge from its current price level could occur and reach its all-time high of $295.