Data: Since the beginning of the year, Solana's stablecoin supply has increased by 110%, with approximately 80% consisting of USDC
According to The Block, data from DeFiLlama shows that the stablecoin supply on Solana has exceeded $10 billion. Since the beginning of January, the value of stablecoins on the Solana network has surged nearly 110%, climbing from $5.1 billion to $10.8 billion. In comparison, Ethereum currently holds $115 billion in stablecoins, BNB Chain holds $7 billion, Base holds $3.8 billion, and Arbitrum holds $3.1 billion.
According to The Block's data dashboard, nearly 80% (about $8 billion) of Solana's stablecoin supply is made up of USDC; since the beginning of this month alone it has almost doubled from $4.2 billion to $8.2 billion. Tether's USDT accounts for another 19$6 million worth of stablecoins on this network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreNokia (NOK.US) expands cooperation with telecom operators in Brazil and Germany, continues to strengthen AI data center business
Venture Global, Inc. has reached a long-term supply agreement to provide the buyer with approximately 0.5 Mtpa of U.S.-produced liquefied natural gas annually for a five-year period starting in 2026.
Crypto prices
More
