Odaily Planet Daily reports that in February, the on-chain stablecoin trading volume on Solana reached $650 billion, setting a new record high and the highest among all blockchains for the month, more than doubling compared to October of last year. According to a research report by Grayscale Investments (data from Allium), the rising demand for retail on-chain payments has significantly boosted stablecoin activity. The report indicates that Solana is shifting from primarily Meme coin transactions to trading pairs of SOL and stablecoins, reflecting an increased share of payment use cases. Previously, Standard Chartered also stated that Solana’s low transaction costs are helping expand micro-payments and native internet financial applications. In terms of market share, Solana currently has the fourth-largest stablecoin supply across the network and ranks second only to Ethereum in USDC circulation. Analysts believe that although Ethereum still dominates the stablecoin and RWA sectors, stablecoins may become a key pillar for the maturity of the Solana network. (The Block)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Price Clears Key Resistance, Eyes $100 Level
Solana (SOL) has broken through a significant sell pressure zone after a month of consolidation, indicating a potential bullish breakout toward the $100 mark.
GateNews1h ago
Crypto Price Prediction for Today, March 19: Solana, XRP, Cardano
Selling pressure returned across major altcoins over the past 24 hours, and that shift has started to test key support levels across the market. Solana, XRP, and Cardano now sit at critical zones that could decide how the next trading sessions unfold.
Price action shows a clear pattern.
CaptainAltcoin1h ago
Solana Network Stablecoin Supply Breaks Through $17 Billion, Hitting All-Time High
Gate News reports that on March 19, according to blockchain data platform Artemis, the Solana network stablecoin supply has surpassed $17 billion, setting a new all-time high.
GateNews2h ago
OpenClaw Founder Issues Warning: CLAW Fake Airdrop Scams Incoming, GitHub Developers Targeted
OpenClaw founder Peter Steinberger warned users to be vigilant against phishing emails that impersonate GitHub notifications, luring users to click suspicious links to obtain fake tokens. The attack targets developers worldwide, with attackers using publicly available contact information for precision attacks. To prevent fraud, users should only trust information from official websites and delete any suspicious emails.
MarketWhisper6h ago
Bitcoin ETF Inflows for Seven Consecutive Days Set Half-Year Record, Scale Still Below 2025 Peak
US spot Bitcoin ETF sees seven consecutive days of inflows, marking the longest streak since the start of 2025. Cumulative inflows over the past three weeks reached $2.2 billion, accounting for 79% of total crypto inflows. Although market sentiment has improved somewhat, it still falls short compared to the 2025 peak, with analysis suggesting a recovery in market demand rather than the onset of a bull cycle. Solana ETF showed outstanding performance this week, while Ethereum ETF continues to face net outflow pressure.
MarketWhisper7h ago
US SOL Spot ETF Net Outflows of $295,700 Yesterday
According to SoSoValue data, on March 18 Eastern Time, the US SOL spot ETF experienced a net outflow of $295,700 in a single day, all from the VanEck Solana ETF. The total net asset value is currently $884 million, with a cumulative net inflow of $989 million in history.
GateNews8h ago
