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Solana rises amid crypto rally after “breakout month” for solana stablecoins
Stablecoin transaction volume on solana climbed to a record $650 billion last month, more than double the network’s previous record. It also saw the highest volume of any blockchain last month, according to a Wednesday note published by Grayscale Head of Research Zach Pandl. “Stablecoins are one of the megatrends driving adoption of blockchain technology, and Solana is well positioned to compete in this category,” Pandl wrote. The research note comes as the supply of stablecoins on solana has jumped to $15.4 billion, a substantial leap since the start of 2025, when the figure sat at $5.1 billion, data from ... (full story)
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