The 2025 crypto market is set to experience a pivotal turning point. Stablecoin trading volume surged by 72% to $33 trillion, driven by a significant improvement in the US policy environment. Wyoming made a major move—launching the FRNT dollar-backed digital token, becoming the first US state to issue a digital asset, which is a noteworthy signal.



Data shows that the entire stablecoin ecosystem is already quite substantial: total market capitalization has surpassed $307.5 billion, with over 219 million holders. On-chain RWA assets are also growing rapidly, with a market value of $19.71 billion and more than 610,000 holders.

Even more interesting is Moody's latest 2026 Digital Finance Outlook report, which explicitly states that blockchain technology is expected to become the "infrastructure layer" of the financial industry—this is not just an industry consensus but also formal recognition from traditional financial institutions.

In terms of on-chain ecosystems, the tokenized equity product trading volume on the Solana network has reached $874 million, surpassing Ethereum and BNB Chain to become the leader in this track. Ecosystem development is in full swing, with major public chains competing to seize this blue ocean.
RWA3,18%
SOL-0,44%
ETH-0,07%
BNB1,79%
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UnluckyValidatorvip
· 15h ago
Wyoming's move is truly awesome, the digital dollar is directly launched, and stablecoins are really about to take off Sol has broken this time, unexpectedly surpassing ETH and BNB, isn't ETH ecosystem supposed to be the strongest? Even traditional institutions like Moody's recognize it, indicating that blockchain has truly come out, and 2025 might really be different Trading volume of 33 trillion... this number looks outrageous, stablecoins are now the core infrastructure The rapid growth of RWA feels like the real opportunity for on-chain real assets has arrived It's time to buy the dip, everyone. Don't be fooled by the current rally; there's actually a pretty good retracement opportunity Wyoming issuing tokens is a clear signal of the US policy shift, there will definitely be more big moves later Holder count is 219 million, what does this mean? Retail investors and institutions are rushing in, the bull market is probably just beginning Moody's mentioned "infrastructure layer," which is a sign of a major turning point, traditional finance is starting to admit defeat Sol has risen so sharply, could it be another trap... remember the lessons, everyone
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GateUser-9f682d4cvip
· 01-09 10:58
SOL is taking off, now ETH should be panicking, right? Wyoming's move is really bold. Is US policy really shifting? Stablecoins worth 33 trillion? That number seems a bit exaggerated... Moody's recognizes blockchain infrastructure layer, traditional finance is finally yielding RWA is only 19.7 billion, and there's still so much room for imagination
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AllInAlicevip
· 01-09 10:57
Solana is really taking off this time, feeling like a mad rush to catch up with ETH. Wyoming issuing digital assets—has the policy window truly opened? A stablecoin market cap of 33 trillion... Oh my god, this is no longer a niche thing. Moody's endorsing blockchain as infrastructure? Traditional finance really can't pretend anymore. Is there still a chance for RWA? Feels a bit late. With 219 million people holding stablecoins, where will the next breakout point be? Wyoming leading the way, will other states follow suit? That’s the key. Infrastructure layer? Are we still just trading coins? Haha. Is the surge in stablecoins driven by genuine demand or just a capital game? What’s behind Solana’s rise—real technology or hype...
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WenMoon42vip
· 01-09 10:56
Stablecoins grow by 72%? Wyoming's move is brilliantly strategic Solana is about to take off again, is this time for real? Wait, how is the 33 trillion in transaction volume calculated? The number seems a bit exaggerated. Moody's has approved it, are traditional finance institutions really about to enter? The growth in RWA surprised me; I need to follow up on this. Does Wyoming have any special advantages in issuing digital assets? Will other states follow suit? Recognition by traditional institutions ≠ guaranteed usage, don't be overly optimistic. I'm optimistic about Solana's performance in this round; the ecosystem is indeed gaining momentum. If the 219 million holders' data is accurate, that would be incredible. It feels like this year's policy window has truly opened; we need to seize this opportunity.
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ForkThisDAOvip
· 01-09 10:42
Sol ecosystem has indeed taken off, and this wave is quite interesting. Even Moody's has recognized it; Wall Street has really turned around. That wave in Wyoming was definitely a signal; who still says US policies are not friendly? Stablecoins amount to 33 trillion, is this number crazy? RWA is only 19.7 billion, there seems to be huge room for imagination. Wyoming launched its digital token first, traditional finance can't sit still anymore. With 219 million holders, the mass adoption rhythm is here. Sol has overtaken ETH; who would have thought at the beginning of the year? Friendly policies + Moody's endorsement, the starting point of the next cycle?
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GmGnSleepervip
· 01-09 10:37
Solana's recent surge is really taking off, surpassing ETH... Wyoming's intervention was quite unexpected; traditional finance is really starting to accept it. 33 trillion... Why do I feel like these numbers are a bit虚假? RWA is just getting started, right? 610,000 holders still seem too few. Moody's words sound nice, but how will it actually play out? Stablecoin with 2.19 million holders, that's a solid base. The policy really has changed; Wyoming's move is not a joke. Wait, where are these data from? The growth seems a bit exaggerated. Is Solana's growth real or just data manipulation? Registering digital assets in Wyoming is like pressing the fast-forward button for other states.
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LiquiditySurfervip
· 01-09 10:32
Stablecoins worth 33 trillion? Wyoming is getting serious, and the US is finally no longer wavering. This time, they are really going to come through. Solana has directly surpassed the two giants in this wave, not for nothing. RWA is the future. Moody's backing signals that traditional finance recognizes blockchain as a foundational infrastructure layer. Wow, this signal is too obvious. Wyoming's FRNT, will it become the start for other states to follow suit? Let's wait and see the subsequent actions. With 219 million stablecoin holders, this ecosystem can no longer be ignored. It has truly penetrated mainstream adoption. RWA is just getting started. A market cap of 19.7 billion feels like only the beginning. The future potential is enormous. The recent gains Solana has enjoyed benefit all ecosystem developers. Everyone gets to share the glory. Wyoming daring to be the first to take the plunge shows that policy directions have really shifted. Will other states be far behind? All this data is solid proof of real confidence, not hype.
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