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News - Stablecoin trading: Solana gets ahead of Ethereum
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03-01-20241 min read
Stablecoin trading: Solana gets ahead of Ethereum
The weekly trading volume of stablecoins at Solana is currently $103 billion, up more than 600 percent from the previous month. Blockchain is now ahead of Ethereum. Trading volume on the largest smart contract platform is $90 billion.
🚨 BREAKING: @solana outpaces @ethereum and every other chain in weekly stablecoin transfer volume for the first time ever.
— SolanaFloor | Powered by Step Finance (@SolanaFloor) January 2, 2024
Monthly Change: +612% pic.twitter.com/mSOAmhNMOZ
Solana recently set some records at the on-chain level. At about US$50 billion, trading volume on decentralized exchanges on the blockchain reached new high last year. The total value of tokens ("total value locked") also increased by 1.2 billion to US$1.4 billion by 2023.
🚨 YEARLY $SOL TVL PROGRESS:
— SolanaFloor | Powered by Step Finance (@SolanaFloor) January 2, 2024
Solana's total value locked (TVL) increased by $1.2 billion in 2023, showing a remarkable growth of 560% from $215 million on January 1st to $1.42 billion on December 31st. pic.twitter.com/Q2AigQZ4Wz
In comparison, however, Ethereum is ahead here. The total value locked on Ethereum is about $30 billion.
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