Solana processed a record $650B in stablecoin transactions in February 2026, tripling month-over-month and outpacing CME gold futures by 9x.
Solana has shattered its own records. The blockchain processed $650 billion in stablecoin transactions in February 2026.
According to The Kobeissi Letter, volumes nearly tripled month-over-month. This pushed total stablecoin activity across all chains to almost $2 trillion.
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Solana Dominates Network Transactions Across All Chains in 2025
Solana Stablecoin Volume Surges Past All-Time Highs
Solana now commands over 35% of adjusted stablecoin activity globally. That puts it far ahead of rivals Ethereum and Tron.
The February surge more than doubled Solana’s previous peak. Analysts expect another jump in March, partly driven by ongoing geopolitical tensions surrounding the Iran War.
To frame just how large these numbers are, CME Group gold futures trading hit a record $208 billion in the same period.
Stablecoin volumes on Solana alone are now nearly nine times that figure. The comparison highlights a significant shift in where large-scale financial activity is moving.
BREAKING: Solana processed a record $650 billion in Stablecoin transactions in February 2026.
As a result, aggregate Stablecoin transaction volume is now nearly a record $2 trillion per month.
Stablecoin volumes on Solana nearly TRIPLED month-over-month, with another surge… pic.twitter.com/hGB23pwsxK
— The Kobeissi Letter (@KobeissiLetter) March 31, 2026
New Stablecoins and Real-World Assets Fuel the Rally
Several new stablecoin launches have contributed directly to this growth.
Western Union’s USDPT and Jupiter’s JupUSD are two notable additions. JupUSD has gained traction for its goal of returning yield back to the Solana ecosystem.
Read also:
Western Union Launches USDPT Stablecoin on Solana Network
BlackRock is among the big-name backers supporting these new instruments.
Real-world asset tokenization is also gaining momentum alongside stablecoin growth.
The number of tokenized stockholders jumped 440%, reaching 218,000 users. This signals broader mainstream adoption beyond speculative trading.
Solana Price Stays Under Pressure Despite Record Activity
Despite the record-breaking volume, SOL’s price tells a different story.
According to CoinGecko data from April 1, 2026, SOL is trading at $83.69. That reflects a 0.87% gain over 24 hours but an 8.90% decline over the past seven days. The market remains cautious.
CoinCodex’s technical analysis paints a largely bearish picture for now.
Out of 29 indicators tracked, 23 are signaling bearish momentum. The RSI sits at 42.19, placing the asset in neutral territory. Solana’s 200-day SMA is projected to drop to $110.95 by May 2026, while the 50-day SMA is estimated at $93.55.
Solana co-founder Anatoly Yakovenko noted the volume’s real-world weight.
He pointed out that at 2% fees, the $650 billion would have generated $13 billion, enough to fund an aircraft carrier. His comments underlined Solana’s growing role in global payments, beyond just crypto speculation.
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