Stablecoin

Ethereum

Solana

Parrot USD

UXD Stablecoin

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<p>The Solana blockchain has <a href="https://twitter.com/SolanaFloor/status/1742154521411830227" rel="noopener noreferrer nofollow">surpassed</a> Ethereum and all other chains in weekly stablecoin transfer volume for the first time.</p>
<p>The data indicates a monthly increase of 612%. This achievement shows Solana's rapidly growing dominance in the cryptocurrency landscape.</p>
<h2 id="stablecoin-landscape">Stablecoin landscape &nbsp;</h2>
<p>According to the latest figures, Solana's transfer volume stands at an impressive $103.01 billion. Ethereum, long considered the leader in this space, follows closely with $90.87 billion.</p>
<p>Other notable chains such as Tron and BNB Chain reported volumes of $82.29 billion and $14.65 billion, respectively, while Arbitrum experienced a 26.2% decrease, reporting $8.11 billion.&nbsp;</p>
<p>The Solana blockchain <a href="https://defillama.com/stablecoins/Solana" rel="noopener noreferrer nofollow">hosts</a> several significant stablecoins, with USD Coin (USDC) leading at a market capitalization of $977.3 million, maintaining a steady peg around $1. Tether (USDT) follows with a market cap of $831.19 million.&nbsp;</p>
<p>Other stablecoins on Solana include Parrot USD (PAI) and UXD Stablecoin (UXD), with smaller market caps of $17.38 million and $11.1 million, respectively.</p>
<h2 id="more-solana-chains">More Solana chains&nbsp;</h2>
<p>Solana's achievements extend beyond transfer volumes. The chain has also <a href="https://u.today/solana-surpasses-ethereum-in-daily-and-weekly-dex-trading-volume" rel="noopener noreferrer nofollow">surpassed</a> Ethereum in daily and weekly decentralized exchange (DEX) trading volumes, a clear sign of its increasing prevalence in the decentralized finance (DeFi) sector.&nbsp;</p>
<p>It has also taken the lead in perpetual futures trading volume, an essential aspect of market liquidity and investor interest.</p>
<p>Solana's market capitalization recently grew to over $50 billion, and it remains around that mark, according to the latest CoinGecko data.</p>

Solana Becomes Number One Chain in One More Metric

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