Solana Stablecoin Supply Falls to $15.65 Billion From September Record

Solana's stablecoin supply stood at $15.653 billion on Oct. 25, below the record $17.51 billion reached in September. The later reading puts the network's supply below that earlier high.

An Oct. 25 snapshot also listed $5.736 billion in decentralized finance (DeFi) total value locked, $477,322 in chain fees over 24 hours and $12.47 billion in decentralized exchange (DEX) volume over seven days. DEX volume was down 4.6% from the prior week.

The weekly stablecoin-holder series counts addresses holding stablecoins, not verified individuals, and does not measure how often they transact. An address count alone does not establish how many people hold stablecoins or how frequently those addresses are used.