Solana Sets Monthly Record as Stablecoin Volume Hits $650B

Despite Solana’s record-breaking February, Ethereum still leads in cumulative stablecoin transaction volume at around $52 trillion. The Solana blockchain processed about $650 billion in stablecoin transactions in February 2026, setting a new monthly record, according to The Kobeissi Letter. That spike placed stablecoin activity far above traditional benchmarks, with monthly volumes now approaching $2…

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What the Foundation Says It Offers

The Solana Foundation and its affiliates, such as Monke Foundry, distribute tens of millions in grants each year. This week, a public debate about support for builders on Solana spilled into full view, with Vibhu Norby, the Solana Foundation’s chief product officer, posting a detailed rebuttal, where they cited $650 million raised by alumni…

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