Solana now counts about 6 million monthly USDC senders, more than any other blockchain. The figure caps a more than tenfold rise since late 2023 and follows a record month for stablecoin transfers on the network.
The network has pulled ahead of every other blockchain in monthly unique USDC senders, reaching approximately 6 million. That sender base has grown more than tenfold since late 2023, turning Solana into what looks like crypto's closest approach to a mainstream payments rail.
A record month for stablecoin volume
February 2026 marked a turning point. Solana's stablecoin transaction volume hit $650 billion that month, a record for any blockchain in a single calendar month. That figure was more than double the previous peak. USDC accounts for the majority of that activity, and the network is estimated to hold between $8 billion and $12 billion in USDC supply, kept liquid by continuous minting.
Weekly transaction counts on Solana have crossed 1 billion, a sign the sender count reflects broad usage rather than a handful of large transfers. Salary disbursements, peer-to-peer transfers, and retail payments make up a meaningful share of that activity.
Why the shift is happening now
USDC itself has matured into the default dollar-equivalent for on-chain commerce, and developers building payment apps have gravitated toward Solana for its sub-second finality and fees measured in fractions of a cent. Each new consumer app that routes USDC through Solana adds another cohort of senders, many of whom may not know which blockchain they are using. The tenfold growth in senders since late 2023 roughly tracks the network's recovery after the FTX collapse, when Solana rebuilt its developer community and application layer faster than many observers expected.
What it means for SOL and the wider market
Ethereum still holds the largest total stock of USDC and remains dominant in overall stablecoin supply and DeFi activity, but Solana's lead now sits in transaction count rather than balances. For SOL as an asset, rising network use tends to support demand for the token, since transaction fees are paid in SOL.
A billion weekly transactions, each consuming a small amount of SOL in fees, creates buy pressure that differs structurally from speculative demand.
Source: Crypto Briefing
Trading involves risk.
Risk Disclaimer
