Solana adds $22M in euro stablecoins in one week
Summary
Solana has rapidly added $22 million in euro stablecoins within a week, surpassing the combined total of all other chains reported by Token Terminal. This surge comes shortly after the platform's Alpenglow consensus upgrade activated in October 2026, which enhances transaction finality. In addition, Circle's expansion of EURC euro stablecoin support on Solana through its Gateway product has contributed to increased accessibility and unified balances on the network.
Tokens
$SOL
Analysis
Solana: Solana is a high-performance blockchain platform optimized for decentralized applications and rapid transaction processing. In recent weeks, it activated the Alpenglow consensus upgrade to improve network speed and efficiency while expanding support for euro stablecoins through integrations like Circle's Gateway. This positions Solana as a growing hub for euro-denominated digital assets amid broader institutional interest in its ecosystem. Upgrade: Solana activated its Alpenglow consensus upgrade in October 2026, replacing prior voting mechanisms to achieve faster transaction finality. Adoption: Circle expanded EURC euro stablecoin support on Solana via its Gateway product, enabling unified balances and broader accessibility. Ecosystem: Institutional participants including J.P. Morgan have launched tokenized money market funds on Solana, reflecting increasing focus on the network for asset tokenization.
Categories
cryptosolanadefion_chain_whale
Related sources
- https://www.kucoin.com/news/trends/SOL/6ade7c1cb1e8a70007734664
- https://x.com/i/status/2114499880794071477
- https://www.unknowngravity.com/articulos/stablecoins-solana-usdc-eurc-mica
- https://coinfomania.com/solanas-stablecoin-market-cap-grows-by-22m-in-a-week/
- https://www.lookonchain.com/token/solana
- https://x.com/i/status/2114499748652515376
- https://solanahub.de/en/news/
- https://x.com/i/status/2114479498716712993
- https://www.merca2.es/2026/10/20/usdc-mica-token-significativo-solana-2477192/
- https://coinpaprika.com/news/topics/solana
- https://www.tokenpost.com/news/investing/40476
- https://x.com/i/status/2114488318876397838
- https://www.gate.com/news/detail/solanas-euro-stablecoin-market-cap-grows-by-22-million-in-a-week-15809
- https://www.coinbird.com/cryptocurrencies/solana/news
- https://www.kiln.fi/post/the-state-of-solana-october-2026
- https://www.gate.com/tr/news/detail/solanas-euro-stablecoin-market-cap-grows-by-22-million-in-a-week-15809
- https://x.com/i/status/2114487357692923934
- https://solanacompass.com/tokens/eur