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Arbitrum Tops Solana with 11.3M Stablecoin Holders

Summary by The Merkle Hash
Everyone's been glued to Arbitrum competitors like Solana and their meme coin charts, as well as Base's retail app growth, and it's easy to see why those make for flashier headlines. But a quieter number just flipped in Arbitrum's favor, and the more I dug into it, the more I think it matters more than either of those stories.Arbitrum has pulled ahead of Solana in total stablecoin holders, hitting a fresh all-time high in the process, and the ga…
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The Merkle Hash broke the news on Friday, July 31, 2026.
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