Solana Records $650B Stablecoin Transaction Volume in February, Highest Among Blockchains

Solana recorded $650 billion in stablecoin transaction volume in February, the highest monthly stablecoin volume on any blockchain during that period, Allium data cited by Grayscale Head of Research Zach Pandl show. Standard Chartered noted that activity is shifting from memecoin trading toward micropayments and SOL–stablecoin decentralized exchange pairs, with Solana's low fees and high throughput supporting frequent, small onchain transfers. Commentators cautioned that internal transfers, automated activity, MEV, or incentives can inflate volume and that raw volume does not equate to revenue or service quality. At the time of the report, SOL was trading above $90, FXLeaders data show.