News - Stablecoin trading: Solana gets ahead of Ethereum

By Luc Vesters

Stablecoin trading: Solana gets ahead of Ethereum

Solana (SOL)
Ethereum (ETH)

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.

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.

In comparison, however, Ethereum is ahead here. The total value locked on Ethereum is about $30 billion.

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