Solana's Stablecoin Volume Surpasses Ethereum and Tron, SOL Price Eyes Key Resistance

In February 2026, the Solana network achieved a significant breakthrough in the crypto space: its monthly stablecoin transaction volume surpassed Ethereum and Tron for the first time, making it the preferred platform for global stablecoin settlement. This shift marks Solana's accelerated transformation from a meme coin speculation hub to a core infrastructure supporting daily digital asset transactions.

Thanks to its extremely low transaction costs and high throughput of thousands of transactions per second, Solana demonstrates significant advantages in high-frequency, large-volume stablecoin transfer scenarios. Compared to Tron, which previously dominated the USDT transfer market for a long time, Solana's competitiveness in efficiency and economics has been widely recognized by the market. This leap occurs against the backdrop of global monthly stablecoin transaction volume exceeding $1.8 trillion, with Solana holding the largest share, becoming a key pillar in building a 'digital dollar economy.'

Currently, the SOL price is stable around $84.12, with a recent single-day increase of 3.10%, attempting to break through the short-term price bottom. Technical analysis shows that the market is in a mild consolidation phase, and bearish momentum is gradually weakening. The 14-period Money Flow Index (MFI-14) is 50.78, in the neutral range, indicating that buying and selling forces are balanced, and the oversold state in early February has been effectively repaired. In addition, the Accumulation/Distribution Line remains at the level of 338.5 million, with no significant capital outflow in recent weeks. Even at low prices, long-term holders remain holding positions, with no large-scale sell-offs, reflecting the market's solid confidence in the network's fundamentals. If the growth in stablecoin transaction volume can continue to translate into fee demand for SOL, the price is expected to break through $90 and then challenge the key resistance level of $105. Conversely, if the $80 support is lost, then $70 will constitute the second important defense zone. Future trends will highly depend on the expansion speed of the stablecoin ecosystem and the continuity of network activity.