TechFlame reports that stablecoin transaction volume on the Solana blockchain has reached $650 billion, hitting a historic high and marking the highest level among all blockchains for the month. This figure more than doubles the previous peak recorded in October last year. The surge in stablecoin activity is driven by increasing demand for retail on-chain payments. The report notes that Solana is gradually shifting from meme coin-dominated on-chain transactions to SOL and stablecoin trading pairs, reflecting a growing proportion of payment-oriented use cases. Previously, Standard Chartered also indicated that Solana's low transaction cost advantage is helping it expand into micropayments and native internet finance applications. In terms of market share, Solana currently holds the fourth-largest stablecoin supply size across all networks and ranks second only to Ethereum in USDC circulation. Analysis suggests that while Ethereum still dominates the stablecoin and RWA sectors, stablecoins may become a crucial pillar for the maturation of the Solana network.