Ethereum

2024

Solana

Billion

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In an unprecedented surge,&nbsp;<a href="https://u.today/solanas-new-smartphone-off-to-strong-start" rel="noopener noreferrer nofollow">Solana (SOL)</a> has shattered all previous records, reporting a staggering $300 billion in stablecoin transfer volume this month, according to data from&nbsp;<a href="https://app.artemis.xyz/stablecoins?stablecoinBreakdown=chain&amp;granularity=monthly" rel="noopener noreferrer nofollow">Artemis Terminal</a>. The remarkable achievement marks a phenomenal 2,595% year-over-year increase from January 2023 when the figure stood at a modest $11.56 billion.
Solana's resurgence has been nothing short of a crypto renaissance, especially considering its tumultuous past. Following the collapse of the notorious FTX exchange, which had strong ties to&nbsp;<a href="https://u.today/binance-lists-dogwifhat-wif-as-solana-meme-coin-market-cap-hits-500-million" rel="noopener noreferrer nofollow">Solana</a>, the blockchain platform faced a bleak outlook. The price of SOL plummeted to $8, and developer activity reached unprecedented lows. However, the beginning of 2024 tells a different story — SOL is currently valued at $93, even after a recent 25% correction. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="bde12d20-c6e1-4a84-9d55-b03696b1ba73" src="https://u.today/sites/default/files/inline-images/sol_73.png">Source: <a href="https://app.artemis.xyz/stablecoins?stablecoinBreakdown=chain&amp;granularity=monthly" rel="noopener noreferrer nofollow">Artemis</a>
Artemis Terminal's survey unveils Solana's remarkable climb to second place in on-chain transfer volume, trailing only behind Ethereum with a margin of just $10 billion. This meteoric rise has displaced&nbsp;<a href="https://u.today/heres-how-much-shiba-inu-shib-tron-founder-justin-sun-transferred-out-of-major-exchange" rel="noopener noreferrer nofollow">Tron (TRC)</a> from its former standing, relegating it to third place with a total transfer volume equivalent to $250 billion.
Solana's newfound dominance is not merely confined to its on-chain transfer volume. The blockchain is smashing records across the board, showcasing a robust and resilient ecosystem that has captivated investors and developers alike.
As the crypto community witnesses Solana's unprecedented achievements, it raises the question — is Solana capable of surpassing&nbsp;<a href="https://u.today/ethereum-etf-to-bring-max-pain-for-btc-dominance-trader-says" rel="noopener noreferrer nofollow">Ethereum</a> in the near future?

Solana (SOL) Sets $300 Billion Record High Following Jaw-Dropping 2,595% Increase

U_Today

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