The Solana blockchain is experiencing fast progress in stablecoin exercise, with over $3 billion in new inflows recorded inside the final 4 days.
Information from DefiLlama exhibits the entire stablecoin holdings on the community jumped from $6.1 billion on Jan. 17 to $9.8 billion on the time of writing.
This surge places Solana near reaching the $10 billion milestone.
The rise was primarily pushed by memecoin buying and selling pairs utilizing the 2 largest stablecoins available in the market, USDT and USDC. Over the previous seven days, their mixed worth on Solana rose sharply, with USDT reaching $1.6 billion and USDC climbing to $7.7 billion, reflecting over 50% progress for every.
These inflows spotlight the rising adoption of stablecoins and Solana’s increasing function in memecoins. The community’s scalability and effectivity make it a sexy alternative for builders and customers.
The surge aligns with heightened exercise prompted by the launch of memecoins tied to US President Donald Trump on the Solana blockchain. The initiative has drawn consideration to the community, rising transaction volumes and person engagement.
