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In January, the total transfer amount of stablecoins on the Solana blockchain has exceeded 300 billion US dollars, a year-on-year increase of over 25 times

In January, the total transfer amount of stablecoins on the Solana blockchain has exceeded 300 billion US dollars, a year-on-year increase of over 25 times

2024/01/21 05:59
SOL+0.43%

Artemis data shows that as of January this year, the total amount of stablecoin transfers on the Solana blockchain is 303 billion US dollars, which has exceeded the total amount of stablecoin transfers in December 2023 (297 billion US dollars), and has increased by 2520% compared to January 2023 (11.56 billion US dollars). The market share of stablecoins on the Solana blockchain is currently close to 32%, a significant increase from a year ago when it was only 1.2%. Stablecoin activity on the Solana blockchain started to rebound in October last year and has since steadily grown by 650%.

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.
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