1d ago

Solana stablecoin-holding addresses top 14M for the first time, up from under 4M in late 2024

AI Market Summary

Blockworks data shows Solana stablecoin-holding addresses surpassed 14M, up from under 4M in late 2024. The scale and pace of growth imply expanding user adoption and rising on-chain liquidity demand, which typically supports higher transaction activity and deeper DeFi/merchant settlement rails. Near term, this is a constructive signal for Solana ecosystem utilization metrics and stablecoin-driven flows.

Impact level

● Medium

Affected assets

SOL/USDT-3.79%

AI Insight · SOL/USDTAI Insight

▲ Bullish

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Solana has surpassed 14M addresses holding stablecoins for the first time, setting a new record, according to Blockworks data shared by the network. The figure is up from under 4M in late 2024. The data points to a sharp expansion in stablecoin adoption across the Solana ecosystem.

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