The stablecoin transfer volume on Solana has seen a significant increase, rising 11x in three months from $15.2 billion to $225.81 billion, surpassing the combined volumes of Ethereum (75%) and Tron (142%). This growth has brought attention to Solana-based projects like Star Atlas and Synesis One. Experts from Messari, CoinShares, and Fundstrat, along with insights from Raoul Pal and VanEck, have highlighted Solana's performance amidst a broader trend of new capital inflow into the crypto market, evidenced by a 5% increase in stablecoin issuance since the start of 2024, totaling roughly $3.5B, and a record $140 billion stablecoin market cap achieved since late 2022. Circle's USDC has notably added over $2.5 billion to its supply within a month, indicating a significant fresh money influx into the crypto sector.
The stablecoin market cap hit $140 billion for the first time since late 2022 as fresh money enters the crypto market. Circle's $USDC added over $2.5 billion to its supply in a month, outpacing Tether $USDT growth. @sndr_krisztian reports https://t.co/OKphiZw8aW
An interesting way to see new capital inflow is following stablecoin issuance. ⛏️ Roughly $3.5B in new stablecoins have been issued since the beginning of 2024. About a 5% increase from the beginning of the year. This is $ETH data but we'd imagine this would be a similar trend… https://t.co/AOKrrIlurM
In a year of upward prices, Solana has outperformed. Messari’s @kelxyz_, CoinShares' @cornMaxy, Fundstrat’s @SeanMFarrell point to what's next for Solana. Ft. @RaoulGMI and @vaneck_us https://t.co/gc9PcOQqGz
Two of our 2021 Solana based partners, @staratlas and @synesis_one, are now getting the attention they deserve. Let the builders build ⚒️
Within 3 months, according to @artemis__xyz, the stablecoins transfer volume on #Solana has increased 11x (from $15.2 to $225.81B). The current volume exceeds #Ethereum (75%) + #Tron (142%). Let's find out what's behind the scenes👇 https://t.co/wggCpxhs0c