Data: Since the beginning of the year, Solana's stablecoin supply has increased by 110%, with approximately 80% consisting of USDC
According to The Block, data from DeFiLlama shows that the stablecoin supply on Solana has exceeded $10 billion. Since the beginning of January, the value of stablecoins on the Solana network has surged nearly 110%, climbing from $5.1 billion to $10.8 billion. In comparison, Ethereum currently holds $115 billion in stablecoins, BNB Chain holds $7 billion, Base holds $3.8 billion, and Arbitrum holds $3.1 billion.
According to The Block's data dashboard, nearly 80% (about $8 billion) of Solana's stablecoin supply is made up of USDC; since the beginning of this month alone it has almost doubled from $4.2 billion to $8.2 billion. Tether's USDT accounts for another 19$6 million worth of stablecoins on this network.
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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