Solana's blockchain recorded $650 billion in stablecoin transactions in February, more than doubling its previous monthly record, according to a report by Grayscale. This figure represents the highest stablecoin transaction volume among all blockchains for the month. The surge in activity is attributed to growing demand for on-chain payments, with Solana's network increasingly shifting from memecoin-focused transactions to those involving SOL and stablecoins for payment scenarios.