The $1 trillion milestone of Solana marks the transformation from a transaction public chain to a payment infrastructure.

Solana’s cumulative stablecoin trading volume in 2025 officially surpasses $1 trillion, which is not only a numerical milestone but also a strategic turning point for this blockchain. From its origins as a high-speed chain focused on trading and Meme assets, to becoming an important on-chain channel for US dollar circulation, Solana is moving toward becoming a global digital dollar clearing network.

The Growth Engine Behind the $1 Trillion

The core driver of this achievement is the rapid expansion of USDC. In 2025, the Solana network added over $8 billion in USDC issuance, doubling the on-chain stablecoin market cap. This significant liquidity expansion has transformed Solana’s usage profile from primarily speculative trading to mainly payments and settlements.

Why USDC and not other stablecoins

USDC’s advantages lie in its backing by institutional credit and cross-chain liquidity. Compared to USDT or other stablecoins, USDC, supported by institutions like Circle and Coinbase, is easier to gain trust from enterprises and applications. The expansion of USDC liquidity on Solana directly lowers the barriers for enterprises to adopt on-chain payments.

The true signal of on-chain trading activity

Although recent stablecoin TVL has declined somewhat, the market news emphasizes that on-chain trading activity remains high. This detail is important, indicating that the market is not retreating but undergoing a phase of capital adjustment. The continued growth in payment frequency and application deployment shows that Solana’s on-chain USD settlement functionality is accelerating toward maturity.

Technical Performance as the Foundation, Ecosystem Development as the Guarantee

The reason Solana can support such trading volumes is fundamentally due to its technical advantages.

Solana’s technical competitiveness

These technical features enable Solana to compete with traditional payment networks, especially in scenarios like high-frequency payments, merchant settlements, and subscription-based financial services.

Ecosystem Construction: The Complete Chain

In 2025, the Solana team continued to improve payment-oriented development tools, opening a comprehensive documentation system covering stablecoin transfers, automated collections, enterprise settlements, and cross-border payments. Meanwhile, multiple third-party projects have launched SDKs and APIs, enabling merchants, applications, and financial institutions to integrate with the Solana network more quickly.

According to recent updates, progress in the Solana ecosystem includes:

• Launch of Fufuture V2, adding take-profit and stop-loss features, and an autonomous token listing mechanism to optimize risk management in contract trading
• Several projects building financial infrastructure such as lending and derivatives on Solana
• Increased institutional-level configuration, with a significant rise in SOL’s weight in corporate balance sheets

From Trading Blockchain to Payment Infrastructure: A Strategic Shift

This shift signifies that Solana is moving beyond pure crypto asset trading into real-world payment and settlement domains.

Three signals of the strategic shift

1. Diversification at the application layer: expanding from DEXs and NFT trading to cross-border payments, merchant settlements, and enterprise clearing
2. Optimization of liquidity structure: shifting from mainly speculative funds to stablecoin liquidity dominance
3. Improvement of development tools: upgrading from general-purpose frameworks to dedicated tools for payment scenarios

The competitive logic against traditional payment networks

Previously, Solana struggled to compete with Visa, SWIFT, and other traditional payment networks mainly due to a lack of sufficient USD liquidity and a developed payment ecosystem. Now, with over $1 trillion in stablecoin trading volume, Solana has established a scale foundation. For enterprises and applications seeking real-time clearing via stablecoins, Solana is becoming the preferred choice.

Market Status and Future Focus

According to recent reports, SOL is currently priced at $127.48, down 12.02% over the past 7 days. This short-term correction is closely related to macroeconomic factors (such as Federal Reserve policy expectations and geopolitical risks), rather than a fundamental change in Solana.

Institutional holdings data better reflect long-term trends. Recent reports show that last week, the share of ETH and Solana in global corporate crypto asset holdings on balance sheets increased significantly. This indicates that institutional investors are viewing Solana as a long-term strategic asset, not just a trading instrument.

Summary

Solana’s $1 trillion stablecoin trading volume is no longer just a milestone number but an important signal that this blockchain is entering the mainstream financial infrastructure arena. From technical performance, ecosystem development, liquidity expansion, to institutional holdings, all signs point in the same direction: Solana is transforming from a high-speed chain focused on trading and Meme assets into a financial infrastructure for real-world payments and settlements.

This transition will not happen overnight, but the foundation has already been laid. As USDC circulation continues to grow, payment tools are constantly improving, and the developer ecosystem keeps expanding, Solana is steadily advancing toward becoming a global digital dollar clearing network. Short-term price fluctuations cannot change this long-term trend.