TL;DR
- Solana set a report with $650 billion in stablecoin transfers throughout February.
- Solana briefly surpassed Ethereum in RWA holders however trails in capital.
- SOL trades close to $84, holding inside a variety between $80 and $90.
The Solana community reached $650 billion in stablecoin switch quantity throughout February, the best month-to-month determine ever recorded on a blockchain, based on sector knowledge. This report surpassed the volumes processed by Ethereum and Tron throughout the identical interval, marking a shift in digital funds.
The expansion responds to elevated use of stablecoins for worth transfers past speculative buying and selling. Business knowledge signifies world stablecoin transaction quantity reached $1.8 trillion in February, with Solana capturing the most important share of that exercise. The community processed greater than double its earlier peak recorded in late 2025.
Stablecoin Document and RWA Enlargement
The rise in stablecoin utilization on Solana stems from its low charges and excessive processing pace. These options make the community appropriate for frequent worth transfers, displacing historically dominant networks like Tron within the USDT fee market.
Concurrently, the community skilled a rise in wallets holding tokenized real-world property. Based on RWA.xyz knowledge, Solana briefly surpassed Ethereum within the variety of holders of those property, with 155,064 addresses in comparison with 153,592. This indicator displays new customers attracted by merchandise resembling fractional shares of know-how corporations.
Nevertheless, the distinction in whole worth of tokenized property between each networks stays huge. Ethereum holds roughly $15.16 billion in RWAs, whereas Solana accumulates round $1.71 billion. Merchandise issued on Ethereum largely encompass institutional funds from companies like BlackRock and Constancy, whereas development on Solana has been pushed by retail traders.
SOL Value Stays in Consolidation Vary
Solana’s native token presently trades close to $84, after a number of periods inside a variety between $80 and $90. Over the past week, worth has proven sideways motion, reflecting the dearth of clear market course.
The $80 degree has acted as assist on a number of events throughout latest days, with patrons defending that zone. On the higher aspect, resistance at $90 has contained restoration makes an attempt. Crypto Economic system analysts level out {that a} breakout above that degree may open the door to testing the $100 zone, whereas shedding assist at $80 would carry consideration to the $70 space.
Technical indicators present a steadiness between patrons and sellers. The cash move index stands at a impartial degree of fifty.78, whereas the buildup/distribution line stays steady at 338.5 million, indicating that long-term holders are usually not liquidating positions regardless of the decline from January highs.
“To run stablecoins, you want steady rails. You want a community that’s safe, environment friendly, quick, and low cost. You’ll be able to’t discover anybody higher than Solana.” – Shawn Chan, CEO of @SGB_app pic.twitter.com/DQD3FEvZzF
— Solana (@solana) March 9, 2026
Solana ETFs recorded $24 million in internet inflows final week, although outflows within the final two buying and selling periods recommend short-term weak spot. Derivatives knowledge exhibits retail demand resurfacing regardless of liquidations totaling roughly $20 million during the last 24 hours.
A number of conventional monetary companies have begun utilizing Solana to develop blockchain-based merchandise. Western Union chosen the community to construct its USDPT stablecoin, which could be redeemed at greater than 360,000 areas throughout 200 nations. Likewise, Ondo Finance, a agency specialised in tokenized property, deployed its infrastructure on Solana.
Stablecoin issuance on Solana reached $154 billion in February, with development exceeding 12% in comparison with the earlier month. USDC maintains roughly 53% market share of stablecoins on the community, offering liquidity for transactions and operations inside decentralized finance.
The rise in fee exercise and arrival of institutional tasks coincides with a relative decline in quantity related to memecoins, which had concentrated consideration throughout the earlier cycle. This shift in the kind of functions utilizing the community may affect investor notion of the token’s worth within the medium time period.
