According to Grayscale research, Solana stablecoin trading volume in February reached a record $650 billion, more than double the previous high, and marked the highest monthly trading volume among all blockchains. Analysts point out that the market is shifting from meme coin-focused trading to payment-oriented stablecoin transactions, with Solana's low costs enabling its application in new areas. Although Ethereum still dominates the stablecoin sector, Solana's share in retail payments is continuously growing, with its USDC circulating supply ranking second.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to Grayscale research, Solana stablecoin trading volume in February reached a record $650 billion, more than double the previous high, and marked the highest monthly trading volume among all blockchains. Analysts point out that the market is shifting from meme coin-focused trading to payment-oriented stablecoin transactions, with Solana's low costs enabling its application in new areas. Although Ethereum still dominates the stablecoin sector, Solana's share in retail payments is continuously growing, with its USDC circulating supply ranking second.