Solana Stablecoins Hit $650 Billion In Monthly Transactions
For most of Solana’s short history, meme coin trading defined a large chunk of its activity. That appears to be changing. The February data does not suggest Solana has overtaken Ethereum overall. According to figures from rwa.xyz, Ethereum carried $15.57 billion in tokenized real-world assets over the past 30 days. Solana’s comparable figure was $2 billion. Tokenized assets — which can include bonds, real estate, and other financial instruments brought onto a blockchain — represent the higher-value end of on-chain finance, and Ethereum remains the dominant platform for that segment.Ethereum Holds Its Ground On High-Value Assets
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What Solana appears to be winning is the retail and payments layer: fast, cheap, high-frequency transfers that add up quickly in volume even if individual transactions are small.
Whether that translates into broader institutional adoption remains an open question, but February’s numbers give the network a data point it did not have before.
Featured image from SOPA/Getty Images, chart from TradingView
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