Solana
Solana Stablecoin Supply Contracts 6.4% Over 16-Day Period
Stablecoin balances on the Solana blockchain declined by $1.12 billion between late September and mid-October, reflecting net redemptions and bridging activity.
The total volume of dollar-pegged stablecoins on the Solana network fell to $16.33 billion on October 11, down from a peak of $17.45 billion on September 25, according to data from DefiLlama. The contraction represents an outflow of $1.12 billion over 16 days, averaging a decline of nearly $70 million per day.
This 6.4% drop in stablecoin liquidity marks a reversal from the preceding two-month span, during which reserves fluctuated between $15.6 billion and $17.5 billion. Because stablecoin figures reflect circulating supply rather than token valuations, changes in this metric point directly to assets being redeemed or transferred across bridges to other chains.
During the same period, SOL traded at $111.79 on October 11, representing a 1.48% daily increase and a 9.5% gain over 30 days, alongside a 7.8% decline over the previous seven days, according to CoinGecko data.
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