Solana stablecoin transfer volume hits monthly record $300 billion

There has Already has been more that $300 billion In stable coin transfer volume SO far In January, eclipsing The one from December volume.

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THE transfer volume of stable coins on THE layer-1 Solana blockchain has has been regularly increasing, struck A new save SO far This month.

According to has blockchain analytic platform Artemis, stable coin transfer volume on Solana has Already exceeds $300 billion In January.

THE figure has Already eclipse THE $297 billion In Solana stable coin transfer volume For December.

Moreover, that of January $303 billion has date East 2,520% more that THE $11.56 billion stable coin transfer volume In January 2023.

Solana's stable coin walk share East Currently almost 32% which East A huge increase Since THE 1.2% share he had A year there is.

Stable coin activity on Solana begin picking up In October And has regularly increase by 650% Since then.

Stable coin transfer volumes 1 year. Source: Artemis

Ethereum East THE industry chief For stable coin transfer volume with $317 billion SO far This month giving he A walk share of more that 33%, However, Solana East quickly contagious upwards.

THE third the biggest blockchain For stable coin transfers East Tron with $240 billion SO far This month.

On Jan. 16, Artemis note that weekly stable coin volumes through all networks had reached A annual high. He assigned THE growth has USDC transfer volumes on Solana.

Stable coin transfer volume exceeds $367 billion For THE week of January 8th.

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