Solana becomes the number one chain in one more metric

Solana becomes the number one chain in one more metric

The Solana blockchain has overcome Ethereum and all other chains in weekly stablecoin transfer volume for the first time.

The Solana blockchain has overcome Ethereum and all other chains in weekly stablecoin transfer volume for the first time.

The data indicates a monthly increase of 612%. This achievement shows Solana’s rapid growth in the cryptocurrency landscape.

Stablecoin Landscape

According to the latest figures, Solana’s transfer volume amounts to an impressive $103.01 billion. Ethereum, long considered the leader in this space, is close behind with $90.87 billion.

Other notable chains such as Tron and BNB Chain reported volumes of $82.29 billion and $14.65 billion, respectively, while Arbitrum saw a 26.2% decline, reporting $8.11 billion.

Related
Solana Starts 2024 With New Listing On This Crypto Exchange, SOL Surges 11%

The Solana Blockchain Hosts several major stablecoins, with USD Coin (USDC) leading with a market capitalization of $977.3 million, maintaining a stable peg around $1. Tether (USDT) follows with a market capitalization of 831.19 million Dollars.

Other stablecoins on Solana include Parrot USD (PAI) and UXD Stablecoin (UXD), with smaller market caps of $17.38 million and $11.1 million, respectively.

More Solana chains

Solana’s achievements go beyond transfer volumes. The chain has also surpassed Ethereum in daily and weekly decentralized exchange (DEX) trading volumes, a clear sign of its growing prevalence in the decentralized finance (DeFi) sector.

It has also taken the lead in perpetual futures trading volume, an essential aspect of market liquidity and investor interest.

Solana’s market capitalization recently grew to over $50 billion and remains around that mark, according to the latest data from CoinGecko.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة