The total capitalization of stablecoins hosted on the Solana network is $11.543B 💰
Among these tokens, USDC holds the largest share - up to 80%.
Circle and Tether have placed $USDC and $USDT tokens on SOL totaling $8.7B and $2.3B. According to Top Ledger, in April 2025, USDC and USDT turnover on $SOL totaled $156.2B and $60.7B
Over the past year, the USDC stable token dominance index has increased from 20% to 25%. Artemis estimates that the increase in token turnover was due to the use of L2 networks and decentralized exchanges.
The average daily trading volume on Solana-based DEX platforms reached $4.56B in April-May