Grayscale: Solana's stablecoin trading volume on the chain reached a new high of $650 billion in February, and payment demand is heating up Odaily Planet Daily News: In February, the trading volume of stablecoins on Solana's blockchain reached $650 billion, a historic high and the highest level among all blockchains of the month, more than doubling from before October last year. According to a research report released by Grayscale Investments (data sourced from Allium), the rising demand for payments on the retail chain has driven significant growth in stablecoin activity. The report points out that Solana is gradually shifting from primarily using Meme coins for on chain transactions to SOL and stablecoin trading pairs, reflecting an increase in the proportion of payment based use cases. Previously, Standard Chartered also said that the low transaction cost advantage is helping Solana expand its micro payment and native Internet finance application scenarios. In terms of market share, Solana currently has the fourth largest supply of stablecoins on the entire network, and is second only to Ethereum in terms of USDC circulation. Analysis suggests that although Ethereum still dominates the stablecoin and RWA fields, stablecoins may become an important pillar for the maturity of the Solana network. （The Block）