Solana has achieved a historic milestone in the digital asset sector, officially surpassing both Ethereum and Tron in monthly stablecoin transaction volume for February 2026. <\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to latest data<\/a>, Solana\u2019s (SOL<\/a>) adjusted stablecoin<\/a> volume hit a record $650 billion, representing a massive surge in on-chain payment activity that more than doubled its previous peak from late 2025. <\/p>\n This explosive growth marks a fundamental shift in the network\u2019s utility, moving away from a primary reputation as a hub for meme coin speculation toward becoming the leading infrastructure for global stablecoin settlements. <\/p>\n Solana\u2019s low transaction fees and high throughput have made it the preferred rail for high-frequency, economically meaningful transfers, outperforming traditional heavyweights like Tron, which previously dominated the USDT payment market. <\/p>\n This surge occurred against a backdrop of record global stablecoin volume reaching $1.8 trillion, with Solana now accounting for the largest single share of that activity, solidifying its position as the dominant network for the emerging digital dollar economy.<\/p>\n <\/p>\n The current price action for SOL<\/a> on the daily chart indicates a period of cautious consolidation following a long-term downtrend from the January highs. After crashing from the $140 level earlier in the year, Solana has spent the last month attempting to carve out a stable bottom. <\/p>\n Currently, the asset is trading at approximately $84.12, showing a 3.10% gain in the most recent session as it attempts to move away from a local floor. <\/p>\n The immediate support is firmly established at the $80.00 psychological level, which bulls have defended multiple times over the past week. On the upside, the first major hurdle for a recovery is the $90.00 resistance<\/a> mark, where recent rallies have faced selling pressure. <\/p>\n A decisive break and hold above $90.00 would be the first major signal that a trend reversal is underway, potentially opening the door for a run toward $100.<\/a><\/p>\n Technical indicators provide a nuanced view of this consolidation phase, suggesting that while the trend remains neutral, bearish momentum is fading. <\/p>\n The Money Flow Index (MFI-14) is currently sitting at 50.78, a perfectly neutral reading that indicates a balance between buying and selling pressure after recovering from an oversold dip in early February. <\/p>\n Furthermore, the Accumulation\/Distribution line is positioned at 338.5 million, remaining relatively flat over the last several weeks. This lack of aggressive distribution despite the lower price points suggests that long-term holders are largely staying put, awaiting a catalyst for the next leg up. <\/p>\n If the record-breaking stablecoin utility translates into sustained demand for SOL to cover transaction fees, the next major resistance beyond $90.00 lies at $105.00. However, if the $80.00 support fails to hold, investors should watch for a secondary defensive line at the $70.00 mark.<\/p>\n <\/p><\/div>\n\n
![\"SOL](\"https:\/\/media.crypto.news\/2026\/03\/image-44.webp\")
<\/figure>\nSOL price analysis<\/h2>\n
![\"SOL](\"https:\/\/media.crypto.news\/2026\/03\/SOLUSDT_2026-03-09_15-35-16.webp\")