The Solana blockchain is experiencing rapid growth in stablecoin activity, with over $3 billion in new inflows recorded within the last four days.
Data from DefiLlama shows the total stablecoin holdings on the network jumped from $6.1 billion on Jan. 17 to $9.8 billion at the time of writing.
This surge puts Solana close to achieving the $10 billion milestone.
The increase was primarily driven by memecoin trading pairs using the two largest stablecoins in the market, USDT and USDC. Over the past seven days, their combined value on Solana rose sharply, with USDT reaching $1.6 billion and USDC climbing to $7.7 billion, reflecting over 50% growth for each.
These inflows highlight the growing adoption of stablecoins and Solana’s expanding role in memecoins. The network’s scalability and efficiency make it an attractive choice for developers and users.
The surge aligns with heightened activity prompted by the launch of memecoins tied to US President Donald ***** on the Solana blockchain. The initiative has drawn attention to the network, increasing transaction volumes and user engagement.
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