Non-USDC/USDT stablecoin supply on Solana reaches record $4.81 billion
Alternative stablecoin supply hit a record as Solana also logged $26 million of seven-day inbound bridged assets, rising swap volume and a July 18 return to the top of daily blockchain revenue rankings.
Non-USDC/USDT stablecoin supply on Solana reached a record $4.81 billion on July 20 and later moved above $5 billion, according to DeFiLlama data, as USD1 from World Liberty Financial and USDGO broadened the network’s dollar liquidity beyond USDC and USDT. The expansion coincided with stronger network activity: Solana regained the top spot among blockchains by daily network revenue on July 18 for the first time in nearly five months, daily swap volume rose to $5.62 billion, and SolanaFloor reported more than $26 million bridged onto the chain in the seven days ending July 20. Total stablecoin liquidity stood near $15.15 billion to $15.16 billion, with inflows into DeFi, real-world assets and tokenized equities pointing to continued usage despite the broader 2026 market drawdown.
- network revenue: Transaction fees generated across a blockchain’s base layer and paid to validators and stakers, rather than revenue earned by individual apps.
- real-world asset: A tokenized version of a traditional asset such as stocks, bonds or other off-chain financial instruments.
- bridged: Moved between separate blockchains, typically so assets can be used for trading, liquidity or applications on another network.