- Stablecoin assets on Solana increased 51% year over year to $15.7 billion in the first half of 2026.
- Tokenized-equity trading on Solana reached $4.9 billion, with the network’s share of onchain spot trading rising to approximately 97%.
- Didovskiy said investors should track “prevalence,” measured by Solana-integrated applications and unique network users.
Institutional Capital Drives Solana’s Growth
A lack of accountability and user-draining practices has damaged the cryptocurrency sector’s reputation, pushing remaining capital toward safer alternatives, according to Didovskiy. “Recent growth has been definitely lead by institutions,” Didovskiy said in written responses shared with Crypto Briefing on November 13, pointing to the expansion of stablecoin issuers and wrapped-asset products. He added that retail users and traders had also contributed to adoption.
A 21Shares report found that stablecoin assets on Solana grew 51% year over year to $15.7 billion during the first half of 2026, up from $10.4 billion in the same period a year earlier. Solana processed more than $1.9 trillion in stablecoin settlement value during the period, highlighting the network’s growing role in digital-asset payments and settlement activity.
Memecoin Activity Recovers as Tokenization Expands
Although the market has shifted toward more utility-focused activity, memecoin trading has shown signs of recovery on Solana. According to 21Shares, memecoins accounted for approximately 34% of Solana’s decentralized exchange volume by August, indicating that speculative trading remained a significant part of network activity.
Didovskiy said most users who left the memecoin market were unlikely to return, though a core group of participants would remain and the trend could eventually reverse. At the same time, he identified tokenization as an emerging growth driver for Solana.
21Shares reported that Solana’s share of onchain spot trading in tokenized equities rose from 7% in the first half of 2025 to approximately 97% in the first half of 2026. Trading volume reached $4.9 billion during the latter period. Didovskiy estimated that tokenization had progressed only “2%,” describing the market as small relative to its potential. He said broader adoption, improved tools, greater education and additional legislation could accelerate its development.
Solana Yield Strategies and Key Risks
Didovskiy identified liquidity provision, stablecoin lending and borrowing, and delta-neutral liquid-staking strategies as some of the more sustainable sources of yield on Solana. He also highlighted issuer counterparty risk, network reliability and smart-contract vulnerabilities as the sector’s main concerns.
Didovskiy’s protocol, Seasons, distributes gold, Bitcoin and dollar-denominated assets to eligible holders. The mechanism is partly funded by a 10% fee on trades involving the SEAS token.
Didovskiy Expects Solana to Scale Further
Looking ahead, Didovskiy projected that Solana could quadruple the volume and value it handles over the next 12 months, along with the number of assets hosted on the network.
He said investors should monitor “prevalence,” which he defined in terms of the number of applications integrating Solana and the number of unique individuals using the network. The measure would provide an indication of whether network growth is translating into broader application and user adoption.
Why This Matters
Solana’s growth is increasingly tied to stablecoins, tokenized assets and institutional participation, even as memecoin speculation remains an important source of decentralized-exchange activity. The reported expansion in stablecoin settlement and tokenized-equity trading suggests that payment infrastructure and real-world asset markets could become more significant drivers of network usage. Further progress will depend on adoption, technical tooling, user education, regulatory legislation and the management of counterparty, infrastructure and smart-contract risks.
Frequently Asked Questions
How much did Solana’s stablecoin assets grow?
Stablecoin assets on Solana rose 51% year over year to $15.7 billion in the first half of 2026, compared with $10.4 billion a year earlier.
What is driving Solana’s growth beyond memecoins?
Stablecoin activity, institutional adoption and tokenization are emerging growth drivers. Tokenized-equity trading on Solana reached $4.9 billion in the first half of 2026.
What metric should investors watch?
Didovskiy said investors should monitor “prevalence,” meaning the number of applications integrating Solana and the number of unique individuals using the network.
