In the past two days, the market capitalization of stablecoins on Solana has been setting records, and this chain is likely to become the main battleground for the next stablecoin and payment narrative.

⬆️ On April 24, the total market capitalization of stablecoins on the Solana chain reached $12.884 billion, setting a new historical high.

⬆️ On April 26, the circulation of USDC on Solana exceeded 10 billion, reaching over 10.4 billion.

What does this mean?

1⃣ Solana has become an important stronghold for stablecoins.

USDC is one of the most mainstream dollar stablecoins, and the chain it circulates on essentially represents that chain's 'dollar capacity' in DeFi and payment scenarios.

With over 10 billion, Solana can now 'arm wrestle' with Ethereum, far ahead of other L2 and L1.

2⃣ The influx of stablecoins indicates that users and capital have confidence in Solana.

Such a market capitalization level is not solely sustained by transfers or quick profits; it is backed by a large number of real users and capital.

Either DEX/lending protocols need liquidity, or cross-chain bridge funds are returning.

Regardless of which, it indicates one thing: the funds have returned to Solana, and they are 'real money'.

3⃣ Fueling the meme and the market.

Don't forget, this wave of meme bull market erupted on Solana.

Stablecoins are the firepower; with ammunition, this market has a chance to battle on.

Even if short-term momentum weakens, these 'hard assets' behind it indicate that the market is not cooling down; the funds have simply changed battlegrounds while waiting for the next wave.

To summarize:

The rise of stablecoins indicates that Solana's financial infrastructure is not just fast and cheap; it has begun to carry real value circulation.

This is not just a number; it is also a market signal: Solana is no longer just a narrative; it is truly 'becoming real'.

Next, as long as developers and protocols continue to innovate, this chain is likely to become the next main battleground for stablecoins and payment narratives.

#Solana #memecoins #USDC #USDT