Solana shifts from memecoins toward stablecoins and RWA
- —Memecoins' share of Solana volume fell from 50%+ to 15–20%
- —JPMorgan, Morgan Stanley, Standard Chartered and Visa build on Solana
- —Western Union launched its USDPT stablecoin on Solana in May
- —Solana's onchain perpetuals share dropped from 17% to 6%
Why it matters: The network is trying to swap speculative demand for institutional flows, but Ethereum and Hyperliquid competition and ETF outflows weigh on SOL.
Source: Bloomingbit