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Solana Stablecoin Market Tripled to $15B ATH as Memecoin Frenzy Returns

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Solana’s stablecoin market capitalization has surged to an all-time high of $15 billion, up from roughly $7 billion in 2024, as memecoin buying and selling exercise makes a comeback throughout the blockchain.

The community issued almost $10 billion in stablecoins over the previous 12 months alone, representing a 200% year-to-date enhance that underscores accelerating capital inflows, with over $900 million in new stablecoins minted within the final 24 hours, in accordance to Token Terminal data.

Circle’s USDC dominates the Solana stablecoin market, with an over 65% market share of $9.2 billion, adopted by Tether’s USDT at $2.19 billion, PayPal USD at $952 million, Global Dollar at $888 million, and World Liberty Financial’s USD1, affiliated with President Trump, at $151.8 million.

The explosive progress comes as the broader Solana ecosystem regains momentum, with its market capitalization increasing 14.1% week-over-week to $ 75 billion, erasing a month of earlier declines.

Solana Memecoin Revival Drives Trading Surge

The memecoin sector has roared again to life throughout Solana with exceptional depth, propelling tokens to explosive double-digit gains which have reinvigorated dealer curiosity and transaction volumes.

Bonk led the cost with a surprising 50% surge over seven days, whereas PENGU climbed greater than 40% and common belongings like FARTCOIN, Dogwifhat, and Brett every pumped over 30% throughout the identical interval.

Solana Stablecoin - Coinmarketcap Table
Source: CoinMarketCap

The memecoin launchpad Pump.Fun’s native token jumped 42.2%, reinforcing the sector’s restoration momentum and signaling renewed confidence in speculative buying and selling.

The total memecoin market now instructions a $44 billion valuation, climbing 3.64% in 2026 with buying and selling quantity surging by over 20% as retail and institutional members return to high-velocity buying and selling.

The rally has been accompanied by strengthening on-chain fundamentals on Solana that display natural community progress.

Solana’s TVL jumped 12.5%, every day transactions rising 17.3%, and DEX buying and selling quantity climbing 13.1% week-over-week in accordance to DeFiLlama metrics.

Solana Stablecoin TVL Chart
Source: DefilLama

Revenue Generation Reaches New Heights

According to latest research from the Solana Foundation, purposes constructed on Solana generated $2.39 billion in income in 2025, a 46% year-over-year enhance and a brand new all-time high.

Seven purposes efficiently crossed the $100 million income threshold, led by Pump. Fun, Axiom Exchange, Meteora, Raydium, Jupiter, Photon, and BullX symbolize growing monetization.

Beyond the top-tier performers, the lengthy tail of smaller Solana purposes collectively generated more than $500 million in revenue, demonstrating that success extends far past a handful of breakout tasks.

Network income climbed to $1.4 billion, representing a forty-eight-fold enhance over two years. The chain processed 33 billion non-vote transactions through the 12 months and maintained a median of over 1,050 non-vote transactions per second.

Solana has cemented its place as the preferred blockchain for on-chain merchants and not too long ago overtook BNB Chain to turn out to be the second-most common Layer 1 community for stablecoin transfers.

The community’s quantity of tokenized fairness merchandise has reached $874.19 million, making it the most important community on this rising class, forward of each Ethereum and BNB Chain by market capitalization.

Western Union additionally not too long ago announced plans to launch a dollar-backed stablecoin on Solana, opening a transformative new channel for its world prospects to transfer cash with considerably decrease charges and sooner settlement instances.

The firm, which constructed the primary transcontinental telegraph line in 1861, is recasting its historic community for a digital period the place transactions clear in seconds and function across the clock.

Western Union’s US Dollar Payment Token can be issued by Anchorage Digital Bank and is scheduled to launch within the first half of 2026.

Just days in the past, Morgan Stanley filed with the SEC to launch a Solana-linked ETF alongside a Bitcoin product, marking a watershed second for institutional recognition.

Meanwhile, Solana-based decentralized alternate Jupiter introduced JupUSD, a reserve-backed USD stablecoin designed for deep integration throughout its product suite, additional increasing the ecosystem’s monetary infrastructure.

The publish Solana Stablecoin Market Tripled to $15B ATH as Memecoin Frenzy Returns appeared first on Cryptonews.

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