Solana still has a relatively small share of the stablecoin market.
But look at velocity.
Stablecoins on Solana turn over faster than on any other major chain.
That distinction matters. Market share tells you where stablecoins are sitting. Velocity tells you how often they’re being used.
For payments, the second may matter more.
A dollar that sits in a wallet is liquidity. A dollar that moves repeatedly is infrastructure.
Solana is increasingly looking less like a place where stablecoins are held and more like a place where they work.
But look at velocity.
Stablecoins on Solana turn over faster than on any other major chain.
That distinction matters. Market share tells you where stablecoins are sitting. Velocity tells you how often they’re being used.
For payments, the second may matter more.
A dollar that sits in a wallet is liquidity. A dollar that moves repeatedly is infrastructure.
Solana is increasingly looking less like a place where stablecoins are held and more like a place where they work.