Solana Surges with $70B USDC Liquidity Boost, But Price Remains Weak

The total crypto market cap has fallen by over 25% from its $3.3 trillion peak, mirroring Bitcoin's nearly 35% decline from its $97k high in H1.

However, Solana is bucking the trend with a surge in USDC supply, which has reached $70 billion so far this year.

This liquidity growth has been accompanied by strong on-chain activity, including rising monthly active users and network usage.

Despite this, SOL's price remains down over 35% in 2026, underperforming Bitcoin's decline by more than 1.3x, suggesting that the extra liquidity hasn't translated into stronger demand.