# SOL Ecosystem Stablecoin Market Cap Breaks Through, Surpasses BNB Chain to Rise to Third Tier



According to the latest research data, Solana's stablecoin network size is expanding rapidly. By mid-2025, the market cap of stablecoins on the SOL chain is expected to reach approximately $10.9 billion, enough to surpass BNB Chain's $10.5 billion and officially become the third-largest stablecoin settlement network globally.

The top two positions are firmly held by Ethereum (over $126 billion) and Tron (over $81 billion), but Solana's upward momentum is evident.

Why can SOL rise so quickly? On one hand, the use cases for on-chain stablecoins are indeed expanding—DeFi lending, exchanges, payment applications—all are absorbing increasing amounts of USDC, USDT. On the other hand, Solana's own advantages are also clear: low transaction fees and fast confirmation speeds, which improve the user experience for stablecoin transactions.

In comparison, the stablecoin supply on Base chain is about $4.2 billion, with stable growth but still not catching up with SOL's momentum. This shift in the market reflects a major trend—high-performance, scalable public chains are attracting more stablecoin deployment and liquidity.

It is worth noting that Solana's growth is not solely due to capital speculation; actual on-chain transactions and application activity are also increasing in tandem. This suggests that SOL is poised to become an important player in global stablecoins and payment settlement by 2026.
SOL2.27%
BNB-0.3%
ETH0.51%
TRX1.89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
QuorumVotervip
· 10h ago
SOL's recent performance is indeed impressive. Low fees and fast confirmations are natural advantages. The stablecoin market surpassing 10 billion is just the beginning.
View OriginalReply0
LayoffMinervip
· 10h ago
This wave of SOL really took off; low fees and fast speeds truly make it competitive.
View OriginalReply0
NFT_Therapy_Groupvip
· 10h ago
I'm impressed with how fast SOL is, but can 10.9 billion really stay stable? It still seems to depend on the use case.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt