Solana Stablecoin Transfers Rose 33% to 557 Million in September

Solana recorded 557 million stablecoin transfers in September, a 33% increase from August, averaging 18.6 million transfers a day. The total measures transfer events on the network; it does not show the dollar value moved or establish demand for Solana (SOL), its native token.

Other figures describe different activity. About 6.2 million addresses sent USD Coin (USDC) on Solana around midmonth. A separate one-month measure counted 420 million USDC transactions. Those address and transaction counts cover different measures and windows from September’s tally of all stablecoin transfers.

Transfer frequency can indicate how often stablecoins move on Solana, but it does not identify unique users. The increase alone also does not establish a price breakout for SOL.