The Solana network is experiencing a significant surge in stablecoin adoption, with daily active users reaching a new all-time high. According to a report by Leon Waidmann, head of research at Lisk, the number of daily active wallet addresses utilizing stablecoins on Solana has surpassed 601,290, marking an increase of over 236% from its previous high recorded in December 2025.
This growth trajectory has been rapid. In December 2025, stablecoin daily active users on Solana stood at approximately 180,000. By February 2026, the figure had risen to over 300,000. Within just two months, the number more than doubled, exceeding 600,000 daily active users. This milestone underscores Solana's growing role as a preferred settlement layer for value transfer, particularly in environments where scalability and efficiency are paramount.
Waidmann also highlighted that stablecoins now represent 1.4% of the United States M2 Money Supply, up from 0% to 0.8% between 2020 and 2022. He noted that if stablecoins capture even 10% of the US M2 money supply, representing a 7x growth from current levels, the migration could be explosive.
Despite the bullish on-chain metrics, Solana's price action has been relatively subdued, trading in a range below $90. The altcoin recently broke above the $83 support level and is now consolidating near $84. Analyst Crypto Tice pointed out that SOL's price has broken a critical level that previously preceded a major rally during the 2022-2023 cycle. According to the analyst, if the current pattern holds, SOL could target the $250 mark. However, a breakdown could lead to a pullback to new lows.
Technical indicators suggest a mixed short-term outlook. The hourly MACD is gaining bullish momentum, and the RSI is above the 50 level, supporting further upside. Key resistance levels are at $85.50 and $88, with a close above $88 potentially driving the price toward $90 and beyond. On the downside, support lies at $83.80 and $82.50.
