Stablecoin

Solana

Daily

<ul class="news-points"> 
 <li><strong>Solana’s stablecoin transfer volume jumps 600%, reaching $16.6 billion.</strong></li> 
 <li><strong>Following the JTO airdrop, Solana saw increased activity and integrated Euro Coin.</strong></li> 
 <li><strong>The cryptocurrency’s market value and DeFi TVL showed significant growth.</strong></li> 
</ul> 
<p>Solana has recently marked a notable achievement in the world of cryptocurrencies. As a crypto journalist, Laura Shin stated that the network’s daily stablecoin transfer volume has witnessed a remarkable 600% increase as of December 2023 on X (formerly Twitter). This surge, bringing the volume to $16.6 billion, catapults <a href="https://coinedition.com/?s=solana">Solana</a> ahead of established blockchain networks like Ethereum, Tron, BNB Chain, and Arbitrum.</p> 
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   <p lang="en" dir="ltr">.<a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Solana</a> now leads the pack in daily stablecoin transfer volume, reaching $16.6 billion on Monday, per institutional blockchain analytics platform <a href="https://twitter.com/artemis__xyz?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@artemis__xyz</a>, <a href="https://twitter.com/httpsageyd?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@httpsageyd</a> reports.<a href="https://t.co/csCY9Jvxlp" target="_blank" rel="nofollow">https://t.co/csCY9Jvxlp</a></p>— Laura Shin (@laurashin) <a href="https://twitter.com/laurashin/status/1737237727899255238?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 19, 2023</a>
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<p>In 2022, its daily transfer volumes fluctuated between $33 million and $743 million, never crossing the billion-dollar mark. Nirmal Krishnan, Head of Engineering at <a href="https://app.artemis.xyz/stablecoins" target="_blank" rel="nofollow">Artemis</a>, while shedding light on this growth stated:</p> 
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   <p>The <a href="https://airdrops.io/jito/" target="_blank" rel="nofollow">JTO airdrop</a> on December 7 was a catalyst,…</p>
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<p>The post <a href="https://coinedition.com/solana-surpasses-ethereum-in-daily-stablecoin-volume/">Solana Surpasses Ethereum in Daily Stablecoin Volume</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Solana Surpasses Ethereum in Daily Stablecoin Volume

Coin Edition

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