Blockchain users transacted $100 billion in stablecoin volume on Solana for the first time. 

Once hailed as a so-called “Ethereum killer”, Solana has flipped crypto’s largest altcoin blockchain in stablecoin transaction value over seven days. The difference in volume between Solana and Ethereum was over $13 billion, according to Artemix.xyz.

Stablecoin volumes across major blockchains | Source: Artemis.xyz

This landmark for Solana (SOL) followed a flurry of activities on its blockchain ranging from an inscriptions craze to memecoin mania with some traders turning a few bucks into six-figure hauls. Airdrops like Jito also attracted thousands of users to SOL’s blockchain. 

The interest in Solana directly impacted SOL as the crypto returned to prices not seen since Terra’s collapse in 2022. SOL gained 1,000% last year, and the digital asset traded above $110 when this report was written.