Solana  has become the third-largest stablecoin network in 2025, overtaking BNB Chain, according to Binance Research.

Data from DefiLlama shows Solana holding nearly $11 billion in stablecoins by mid-year, edging past BNB Chain’s $10.5 billion. Only Ethereum, with over $126 billion, and Tron, with more than $81 billion, rank higher.

The surge reflects Solana’s growing role as a fast, low-cost settlement layer, driven by rising stablecoin use across DeFi, trading, payments, and consumer apps. Binance Research says this growth signals real adoption, positioning Solana as a key player in the global stablecoin ecosystem heading into 2026.