Solana still carries a reputation for memecoins, celebrity-backed tokens, and predatory launches that hurt its brand during the last bull market. However, viewing Solana strictly as a hub for memecoins is no longer accurate. Its stablecoin supply has grown to around $16.8 billion. Because stablecoins drive real-world utility like payments, DeFi, and efficient capital movement, this growth shows that the network is becoming a genuinely useful financial infrastructure. (image Blockworks)