1h ago
Solana Tops $650 Billion in February 2026 Stablecoin Volume as Grayscale Maps Out Market Outlook
In February 2026, Solana processed $650 billion in adjusted stablecoin transaction volume, more than twice its October 2025 peak and leading all blockchains by monthly share. Grayscale's March 4, 2026 research note links this growth to a shift from memecoin trading toward payments, DeFi, and tokenization, supported by upcoming upgrades like Firedancer and Alpenglow. The same analysis highlights USDC's rising dominance in transfer volume over USDT, underscoring institutional demand for compliant stablecoin rails.