The Solana network has experienced significant growth, with its transaction volume crossing a multi-year high of $1 trillion in January. Concurrently, the network's stablecoin volume soared to a record $144 billion, marking a 336% increase from the starting figure of approximately $33 billion in less than eight weeks starting December. This surge in activity is also reflected in the daily bridge volume reported by MayanFinance, which indicated a transfer of $5.75 million from Ethereum to Solana and over $1 million from Arbitrum to Solana. Additionally, Solana has achieved a new milestone by becoming the blockchain with the highest number of daily active addresses, surpassing 1.25 million, and its daily fees have skyrocketed past $1.2 million. The network continues to lead in 24-hour decentralized exchange (DEX) volume.
BREAKING: @solana CONTINUES ON TOP IN 24 DEX VOLUME https://t.co/EQm6ybHHGr
BREAKING: @solana DAILY FEES SKYROCKETED PAST $1.2M https://t.co/yoP9hU1771
BREAKING: @solana DAILY ACTIVE ADDRESSES GOES JUP PAST 1.25 MILLION https://t.co/YFnKAEuNUk
BREAKING: @solana BECOMES THE CHAIN WITH THE HIGHEST NUMBER OF DAILY ACTIVE ADDRESSES https://t.co/g4ZRG3IhvC
BREAKING: @MayanFinance DAILY BRIDGE VOLUME FROM @ethereum TO @solana HITS $5.75M - FROM @arbitrum TO @solana BREAKS $1M https://t.co/2daFcWEwrk
Solana stablecoin volume just hit a record $144bn. Or did it? At the start of December, something unexpected started happening on the Solana blockchain. The transfer volume of stablecoins started rising rapidly. In less than eight weeks, the metric ballooned from around $33…
At the start of December, something unexpected started happening on the Solana blockchain. The transfer volume of stablecoins started rising rapidly. In less than eight weeks, the metric ballooned from around $33 billion to over $144 billion — a 336% increase. But that the…
Solana stablecoin volume just hit a record $144bn. Or did it? https://t.co/1yRmJR6NWv
Transaction volume on the Solana network crossed $1 trillion in January, a multi-year high https://t.co/Z2sMKAPCAs