The number of addresses holding stablecoins on Solana rose from fewer than 4 million in October 2024 to 14 million in October 2026. Total stablecoin supply now exceeds $15 billion, increasing the liquidity available for payments, trading and decentralized finance. This growth has not translated into higher decentralized exchange volumes, which declined by about 9%, or into increased network fees, which remain around $477,000 per day. Meanwhile, SOL lost nearly 13% in 30 days, trading around $101 to $102, as net stablecoin flows to trading platforms approached a neutral level.
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