Ethereum

Solana

Jito

<div class="cryptonews">
 <p class="is-style-lead">Blockchain users transacted $100 billion in <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> on Solana for the first time.&nbsp;</p>
 <p>Once hailed as a so-called “Ethereum killer”, Solana has flipped crypto’s largest altcoin blockchain in <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> transaction value over seven days. The difference in <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> between Solana and Ethereum was over $13 billion, according to Artemix.xyz.</p>
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   Stablecoin volumes across major blockchains | Source: Artemis.xyz
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 <p>This landmark for Solana (SOL) followed a flurry of activities on its blockchain ranging from an inscriptions craze to memecoin mania with some traders turning a few bucks into six-figure hauls. Airdrops like Jito also attracted thousands of users to SOL’s blockchain.&nbsp;</p>
 <p>The interest in Solana directly impacted SOL as the crypto returned to prices not seen since Terra’s collapse in 2022. SOL gained 1,000% last year, and the digital asset traded above $110 when this report was written.</p>
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 <p>As interest and significant price appreciation occurred, on-chain trading followed suit as crypto.news reported. Decentralized exchanges (DEX) on Solana recorded over $28 billion in volume during December alone. The blockchain also set new highs for monthly active addresses, with SOL’s market cap surpassing $50 billion.</p>
 <p>This surge allowed SOL to leapfrog Ripple’s XRP token as the fifth-largest cryptocurrency on the market. At press time, Solana was on the heels of Binance’s BNB coin and even boasted greater 24-hour trading <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> per Coingecko.</p>
 <p>With upcoming token airdrops, more rewards for SOL participants may be on the way. Jupiter, a rising DEX on Solana, is scheduled to launch its native digital currency in January.</p>
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   <img loading="lazy" decoding="async" width="1024" height="629" src="https://cdn.thebittimes.com/images/2024/01/03/953f265768b68d6640d1885a3600c188.webp" alt="Solana flips Ethereum in 7-day stablecoin volume - 1"> 
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   Top 5 blockchains by market cap | Source: Coingecko
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> The token that lived: how Solana project rose from the ashes
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-flips-ethereum-in-7-day-stablecoin-volume-tbt75380.html">https://thebittimes.com/solana-flips-ethereum-in-7-day-stablecoin-volume-tbt75380.html</a></p>

Solana flips Ethereum in 7-day stablecoin volume

TheBitTimes

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