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Solana's crypto card stablecoin spending hits record $141M in October, driven by rewards and low fees.

Protocol Fundamentals
02 Nov 2026, 18:31 WIB
Crypto Briefing
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Bullish
Solana's crypto card stablecoin spending hits record $141M in October, driven by rewards and low fees.

Crypto card spending on Solana reached a new monthly high of $141 million in October, continuing a trend of record growth fueled by stablecoins, issuer rewards, and low transaction fees. This marks a 478% increase from the previous year and highlights Solana's growing role in stablecoin payments alongside competitors like Base and Optimism. The network's expanding stablecoin supply and user base, combined with partnerships with major card networks, support this growth. Investors should watch for continued record spending and shifts in market share among competing networks.

Solana's monthly stablecoin card spending reached a record $141 million in October, marking significant growth in crypto payments. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Nov 02, 2026 23:03 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell today. Notable movers include LINK at Rp202.815 with a 1-day change of -4.29% and 80% sell activity, ONE at Rp20 with a -4.19% change and 58% buy activity, and SAND at Rp813 with a -4.02% change and 89% buy activity.

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