• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Stablecoin Supply Hits $10 Billion Record, Boosted by USDC and Memecoins

user avatar

by Giorgi Kostiuk

3 months ago


The stablecoin supply on the Solana blockchain has reached an all-time high of $10 billion, spurred by USDC growth and memecoin enthusiasm.

Sharp Increase in Solana's Stablecoins

According to DeFiLlama data, the value of stablecoins in Solana has risen by 110% since January, from $5.1 billion to $10.8 billion. This marks Solana's rapid expansion in the stablecoin sector. By comparison, Ethereum dominates with $116 billion, while BNB Chain, Base, and Arbitrum follow with $7 billion, $3.8 billion, and $3.1 billion, respectively.

Impact of USDC and Memecoins on Growth

The primary driver of stablecoin growth on Solana is Circle's USD Coin (USDC), accounting for approximately 80% of Solana's stablecoin supply. This month alone, USDC holdings nearly doubled from $4.2 billion to $8.2 billion. Meanwhile, Tether's USDT supply on Solana is $1.96 billion. This surge coincides with increased trading volumes on Solana's DeFi protocols and a memecoin boom, including the recent launch of Trump-themed coins.

Consequences and Impact on Solana

The memecoin craze has had a significant impact on the Solana ecosystem, driving the price of Solana's native token, SOL, to an all-time high above $260. Simultaneously, Solana's daily transaction fees reached $33 million last week, indicating high trading activity around memecoins.

The increase in stablecoins and memecoins on Solana has highlighted the platform's dynamic growth and potential in the DeFi space, drawing considerable attention to its ecosystem.

0

Share

Other news

XRP Hits New Record: Over 6.26 Million Token-Holding Addresses

XRP reports a record number of token-holding addresses, surpassing 6.26 million and showcasing growing user interest.

user avatarGiorgi Kostiuk

a minute ago

Aptos Left Investors Frustrated, but Qubetics Promises High Returns

The Qubetics project may become a new leader among altcoins with high return potential, while Aptos is losing its appeal.

user avatarGiorgi Kostiuk

3 minutes ago

Goldman Sachs Revises U.S. Recession Outlook, Markets on Edge

Goldman Sachs retracts 65% recession forecast for the U.S., citing policy uncertainty and tariff threats.

user avatarGiorgi Kostiuk

12 minutes ago

Kaspersky Identifies Malware on SourceForge Targeting Crypto Users

Kaspersky has reported malware on SourceForge using address poisoning to steal cryptocurrency from users.

user avatarGiorgi Kostiuk

12 minutes ago

XRP Climbs 13% Following Trump Tariff Announcement and XXRP ETF Launch

XRP price surged 13% due to the launch of the XXRP ETF and Trump's tariff news, though analysts warn of potential downturn risks.

user avatarGiorgi Kostiuk

12 minutes ago

Trump's Trade Policy: The Effects of Tariffs on the World

Trump's tariffs may reshape global supply chains, the cryptocurrency market, and geopolitical dynamics, increasing economic tensions.

user avatarGiorgi Kostiuk

24 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.