Solana Emerges as Dominant Transport Layer for USDC with Millions of Monthly Senders

A recent social media post by Token Terminal, shared from TOKEN2049, highlighted the critical role of the Solana blockchain in the stablecoin ecosystem. According to the tweet, USDC, the second-largest stablecoin by market capitalization, utilizes Solana as its primary "transport layer," facilitating approximately 3.2 million monthly USDC senders. This underscores Solana's growing importance in processing high volumes of stablecoin transactions.

USDC, issued by Circle, maintains its position as a leading digital dollar, backed by fully reserved assets predominantly in U.S. Treasuries and cash equivalents. As of mid-2025, USDC's market capitalization hovers around $70-75 billion, securing its rank behind Tether's USDT. Its regulatory compliance and transparency have made it a preferred choice for institutional and retail users seeking stability in the volatile cryptocurrency market.

Solana's high-performance blockchain infrastructure, characterized by rapid transaction speeds and low fees, has been instrumental in attracting significant stablecoin activity. Data from Q1 2025 reveals that Solana-USDC transaction volume surpassed $92 billion, marking a 39% year-over-year increase. The network's efficiency allows for USDC settlement times as fast as 400 milliseconds, making it highly suitable for frequent transfers.

The substantial number of monthly USDC senders on Solana, as noted by Token Terminal, reflects the network's robust adoption for stablecoin transfers and decentralized finance (DeFi) activities. This strong integration benefits both entities: USDC gains an efficient and scalable platform for its circulation, while Solana solidifies its standing as a vital hub for digital asset movement, fostering further ecosystem growth and user engagement.