According to the latest data from Solscan, the circulating supply of USDC on the Solana blockchain has exceeded 10 billion tokens. To be precise — 10,443,337,954.43 USDC. So, what’s up, Solana haters, how's your Ethereum with its eternal gas fees?
So, what do we have here? In a blockchain that has “died” at least ten times according to Crypto Twitter, there is suddenly an exponential growth of the most popular dollar stablecoin. These are not just numbers. This is what:
Solana is now the global offshore for USDC
And let’s not pretend: people are not rushing their bucks into networks with $20 fees. They are looking for speed, low cost, and stability. And Solana — oddly enough — gives them that. While Ethereum continues to consider itself a “premium platform”, regular users and DeFi applications are voting with dollars. Literally.
10 billion tokens mean:
• More than the entire GDP of countries like Haiti, Somalia, or Liechtenstein.
• Almost 25% of the total USDC circulation across all networks.
• More than the total volume of stablecoins on Avalanche, Polygon, and Arbitrum combined (well, almost).
What is actually happening?
Solana is experiencing a second birth. After the saga with FTX and the eulogies proclaiming “Solana is dead”, the network not only survived — it thrived. Now it has become the platform of choice for major players like Circle, MakerDAO, and even PayPal, testing its infrastructure on Solana.
One simple reason: Speed + Scalability = Money.
And now that we see 10 billion USDC on Solana — this is not just a number. This is a vote of confidence. This is a signal: “We choose this platform over outdated, sluggish networks with fees like sending gold across the Atlantic.”
Who lost?
Obviously — those who:
• Sold SOL at $10.
• Did not believe in the recovery of the network.
• Bet on “old school” blockchains and got left at the station.
And now seriously
If in 2021 Solana was the “dark horse”, and in 2022 — the “punching bag”, then in 2025 it is a Pegasus horse with jet wings, carrying billions of dollars across the network at the speed of light.
You may not like Solana. You may troll it for past outages. But you cannot ignore 10 billion reasons why people trust it with their dollars.
Well, or keep paying $47 for a transaction on Ethereum. Your choice. We are moving on.
