Solana Stablecoin Volume Reaches $650 Billion In Record February 2026 Surge

In February 2026, Solana recorded $650 billion in stablecoin transactions, setting a new monthly high for any blockchain and surpassing its prior peak from October 2025. The activity was largely tied to SOL–stablecoin trading pairs and payment-focused transfers rather than short-lived speculative tokens, while the network's low fees continued to attract small-value transactions. Solana now holds the fourth-largest overall stablecoin supply and ranks second in USDC circulation, even as Ethereum retains a clear lead in tokenized real-world assets.