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The Solana ecosystem's stablecoins are thriving. According to the latest data, the total on-chain stablecoin market capitalization has surpassed $15 billion, reaching a new all-time high, more than doubling from $7 billion at the end of 2024. In the past 24 hours, an additional $900 million has been added. Among them, USDC accounts for the largest share, with a scale of about $9.2 billion, representing 65%.
What is even more remarkable is the signs of a recovery in the overall ecosystem. The total market value of assets on the Solana chain has reached $75 billion, a week-over-week increase of 14.1%. Community enthusiasm remains high, with the total market size of commemorative coins surpassing $44 billion, and the star project Bonk has surged by as much as 50% in the past 7 days. On-chain DeFi activity is also impressive, with total value locked (TVL) increasing by 12.5% week-over-week.
It is worth noting that international remittance giant Western Union has announced plans to launch its own stablecoin product in the first half of 2026, which will further expand the application scenarios of high-efficiency public chains like Solana in cross-border payments.