According to Lookonchain, over the past 7 days (as of May 26), the amount of USDT and USDC stablecoins on the Tron network surged by $913 million, while Solana experienced an outflow of $267 million, following a previous outflow of $1.38 billion the week before.

The inflow into Tron reflects its growing role as a stablecoin settlement layer, thanks to low fees and high transaction speed (over 2 billion transactions annually). Meanwhile, Solana faces challenges such as declining DeFi yields and recent bridge issues.

Tron currently handles over $10 trillion in stablecoin volume annually, surpassing Visa in some months. The outflows from Solana are seen by some traders as a signal to short SOL/USDT.