Solana’s Stablecoin Supply Surpasses $10 Billion for First Time

Solana's stablecoin supply has exceeded $10 billion, doubling in weeks due to increasing decentralized finance (DeFi) activity and retail interest driven by meme coins.

Key Facts

  • Stablecoin supply rose from $5.1 billion at the start of 2025 to $10.8 billion, a nearly 110% increase.
  • Surpasses BNB Chain ($7 billion) and Base ($3.8 billion) but remains behind Ethereum, which dominates with $115 billion.
  • USD Coin (USDC) constitutes 80% of Solana's stablecoins, increasing from $4.2 billion to $8.2 billion recently.
  • Tether (USDT) adds $1.96 billion to the total stablecoin supply.
  • Popularity of meme coins on Solana has attracted retail investors, leading to increased trading volume.
  • Solana's DEX trading volume surpassed $100 billion last November.
  • Recent meme coin launches, particularly themed around the US President’s family, have spurred trading activity.
  • Solana's native token SOL reached a record high of over $294.33 amid rising transaction fees that hit $33 million last week.

Solana's growth reflects its ability to attract liquidity and cater to both serious DeFi users and meme coin traders.