Solana Records $650 Billion in Stablecoin Volumes for February, Surpassing Ethereum and Tron

Solana recorded roughly $650 billion in stablecoin volumes in February, surpassing Ethereum and Tron in this metric, Allium data show. On the same network, weekly transfer volumes of Tether's tokenized gold XAUTO exceeded $280 million for the first time, marking a 10-fold increase from the previous week, Token Terminal data show. Token Terminal also reported strong growth in real-world asset holder accounts over the past two years, with Ethereum reaching about 169,000 RWA accounts and Solana 163,100 accounts as of March 2, up sharply from over 35,000 and slightly over 70 respectively on Jan. 1.