Solana-based Stablecoin Hits Record $650 Billion in February Transaction Volume

BlockBeats News, March 4th, according to The Block, Solana's on-chain stablecoin traded a record $650 billion in February, hitting an all-time high. As on-chain retail payments mature, the related demand has grown significantly. According to Grayscale's latest research report (citing Allium data), this figure not only doubled the previous monthly record set in October last year but also became the highest stablecoin trading volume across all blockchains for that month.

Stablecoins have become one of the key drivers of blockchain application growth. Grayscale indicates that as usage scales, Solana is well-positioned to gain market share in retail stablecoin payments. Solana currently leads in several key blockchain adoption metrics, including user count, transaction volume, and transaction fee size.