Solana Might Be Winning the “GENIUS Era” Says Bitwise Analyst

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It appears that Solana, much like a charming debutante at a ball, is catching the eye of many within the stablecoin space. Not that it holds every glittering prize just yet, but the speed at which this young contender is advancing has certainly caused a stir among those who delight in financial machinations.

Though Solana is not the most decorated in every category, the analysts at Bitwise have noted with some enthusiasm that its growth rate is truly something to behold. While it does not yet boast the greatest number of stablecoins, it does claim the title of the fastest-growing supply, outpacing its more established competitors. An admirable feat, indeed, if not a bit cheeky! 😏

Solana’s Stablecoin Supply Jumps 40%

In a mere matter of months since the signing of the GENIUS Act, Solana’s stablecoin supply has skyrocketed by an impressive 40%, now reaching a tidy $15 billion. One might say it’s rather like watching a whirlwind sweep through the ballroom-swift and dramatic.

For comparison’s sake, Ethereum, still a giant in the space, lingers far behind with a rather slow 27% increase, totalling some $178 billion. Other lesser networks, such as Base, Hyperliquid, and Arbitrum, have managed little more than a modest flourish, while TRON-oh dear-has seen a decline of nearly 4%. As for Solana, it has continued to dazzle, cementing itself as a leader in real-world finance, hosting a remarkable 60% of tokenized stock volume on its chain. 🌟

Solana might just be winning the GENIUS Era

Solana doesn’t host the most stablecoins. And yet: it boasts the fastest-growing stablecoin supply. In the nearly 3 months since Trump signed the GENIUS Act, Solana’s stablecoins in circulation have jumped over 40%, reaching $15b.…

– Danny Nelson (@realDannyNelson) October 6, 2025

Can Solana Challenge ETH?

As the ever-witty Nelson suggests, we are witnessing the opening act of what may become a thrilling spectacle. The GENIUS Act has granted companies and banks permission to dip their toes into the digital realm, and the question now is which blockchain they shall choose as their stage. Solana, with its swiftness and efficiency, is certainly making a rather convincing case.

The GENIUS Act’s aim to fortify the $300 billion stablecoin industry has set the stage for a grand transformation, and speed-along with cost-efficiency-will be the keys to unlocking this new era. Solana seems to have the upper hand in this department, much like a well-prepared suitor who knows exactly what the crowd desires.

Solana – The New Wall Street?

Matt Hougan, CIO of Bitwise, has also weighed in with a rather bold statement, declaring that “Solana is the new Wall Street.” Such a proclamation is certainly one to raise an eyebrow or two. But upon further reflection, perhaps there is truth in it. As stablecoins revolutionize payments and tokenization reshapes the very fabric of stocks, bonds, and real estate, Solana is well-positioned to take the lead, much like a rising star in the financial world. 🏙️

Thanks to its blazing speed, high throughput, and the swiftness with which transactions are completed, Solana is attracting the keen interest of investors. In fact, the platform has recently experienced a rather profitable week in digital asset investment products, drawing in a staggering $706.5 million. How delightfully lavish!

Solana’s Momentum Shows Strong Signs

Nelson, ever the watchful observer, is keeping a keen eye on Solana’s momentum, wondering if it can sustain this remarkable pace. The past month has certainly provided a rather telling hint, with new partnerships, DeFi integrations, and fresh product launches contributing to an astonishing $3 billion increase in Solana’s stablecoin supply-a growth of 25% in just 30 days. 💼

Meanwhile, Ethereum, still with its considerable weight, has only managed a rather more modest 8% growth during the same period. One could almost hear the collective sigh of Ethereum’s supporters. 😅

In conclusion, Nelson asserts that stablecoins are becoming a central fixture in the crypto world, and the blockchains most adept at capitalizing on this trend will no doubt reap the greatest rewards in the years to come. We shall see if Solana can continue to impress and, perhaps, etch its name alongside the most esteemed names in crypto history.

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2025-10-07 12:35