TLDR:
- Solana’s stablecoin supply grew 40% to $15B since the GENIUS Act, outpacing Ethereum’s slower 27% climb.
- Experts say Solana’s low fees and fast settlement are fueling its rapid stablecoin market expansion.
- TRON’s stablecoin supply fell 4%, marking a liquidity shift toward faster networks like Solana.
- Ethereum still leads with $178B in stablecoins, but experts note Solana’s growth is narrowing the gap.
Solana is gaining serious traction in the stablecoin race, and experts say it’s closing in on Ethereum faster than expected. Since the GENIUS Act came into effect, Solana’s stablecoin supply has jumped 40%, hitting around $15 billion.
Ethereum still leads with $178 billion, but its growth rate lags behind. The rapid expansion points to changing preferences among developers and financial firms exploring new settlement networks.
Crypto reporter Danny Nelson noted that the GENIUS Act opened the door for banks and corporations to test stablecoin-based transactions. In the three months following the Act’s signing, Solana’s efficiency and low fees drew new issuers at an accelerating pace.
Ethereum continues to anchor the space, but its slower growth suggests liquidity is beginning to spread to faster alternatives.
Solana’s Fast Growth Outpaces Ethereum
Over the last month, Solana’s stablecoin supply grew by roughly $3 billion, a 25% rise in 30 days. By contrast, Ethereum’s supply increased by only 8%. The expert attributes this shift to Solana’s expanding DeFi ecosystem and improved network reliability, which have strengthened its role in the stablecoin market.
Nelson noted that recent integrations, new payment rails, and partnerships have helped Solana sustain its growth trend.
The platform’s low transaction costs and high-speed processing continue to attract stablecoin issuers who need real-time settlement capabilities. These features are critical as “payment stablecoins” evolve into mainstream financial tools.
Meanwhile, TRON’s stablecoin supply dropped about 4%, indicating a broader realignment among blockchain networks. As institutional participants enter the market, the choice of network increasingly depends on transaction speed and cost efficiency.
Solana’s setup offers both, giving it a competitive edge in the GENIUS Act era.
Ethereum Holds Size, but Solana Gains Momentum
Ethereum remains the largest stablecoin hub, yet the growth gap between the two chains is narrowing.
Experts believe Solana’s fast adoption could pressure Ethereum to enhance scalability and transaction costs. The GENIUS Act’s rollout has made performance and efficiency central to stablecoin adoption decisions.
Stablecoins are becoming a key pillar in digital finance. As regulatory clarity improves, networks able to process high volumes at low cost will stand out. For now, Solana’s progress signals that the stablecoin landscape is shifting, and Ethereum’s long-standing dominance may soon face new challenges.
