As a remarkable development, solana The volume of stablecoin transfers on the blockchain exceeded $300 billion this month, setting a new record.
This figure represents an increase of more than 2500% from the previous year, compared to just 11.56 billion in January 2023.
The market share of on-chain stablecoin transfer volume on Solana also showed significant growth, rising to 31.82% from just 1.17% a year ago. Stablecoin volume change in the last three months has been a staggering 639%.
However, in the week of January 8 alone, the transfer volume of the entire stablecoin world exceeded $367 billion. This significant growth is largely driven by USD Coin (USDC) transfer volume on Solana, which has seen stablecoins reach their highest transfer volume levels in over a year.
Last month’s daily cryptocurrency When it comes to transaction volumes, Solana leads with 22.7 million transactions. It is followed by Tron with 4.8 million transactions, Sei Network with 4 million transactions, BNB Chain with 3.8 million transactions and Polygon POS with 3.3 million transactions.
*This is not investment advice.
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