{"id":20622,"date":"2025-01-24T16:26:55","date_gmt":"2025-01-24T14:26:55","guid":{"rendered":"https:\/\/forklog.com\/en\/stablecoin-market-cap-on-solana-reaches-record-10-8-billion\/"},"modified":"2025-01-24T16:26:55","modified_gmt":"2025-01-24T14:26:55","slug":"stablecoin-market-cap-on-solana-reaches-record-10-8-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stablecoin-market-cap-on-solana-reaches-record-10-8-billion\/","title":{"rendered":"Stablecoin Market Cap on Solana Reaches Record $10.8 Billion"},"content":{"rendered":"<p>Since the beginning of the year, the value of stablecoins on the Solana network has surged by 112%\u2014from $5.11 billion to $10.84 billion, according to <a href=\"https:\/\/defillama.com\/stablecoins\/Solana\">DeFi Llama<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1405.webp\" alt=\"1-1405\" class=\"wp-image-250352\"\/><figcaption class=\"wp-element-caption\">Source: DeFi Llama.<\/figcaption><\/figure>\n<p>For comparison, the equivalent figures in other networks are:<\/p>\n<ul class=\"wp-block-list\">\n<li>Ethereum\u2014<a href=\"https:\/\/defillama.com\/stablecoins\/Ethereum\"> $116.5 billion<\/a>;\u00a0<\/li>\n<li>TRON\u2014<a href=\"https:\/\/defillama.com\/stablecoins\/Tron\"> $59.9 billion<\/a>;\u00a0<\/li>\n<li>BNB Chain\u2014<a href=\"https:\/\/defillama.com\/stablecoins\/BSC\"><em> <\/em>$7.03 billion<\/a>;\u00a0<\/li>\n<li>Base\u2014<a href=\"https:\/\/defillama.com\/stablecoins\/Base\"> $3.84 billion<\/a>.<\/li>\n<\/ul>\n<p>The growth driver in Solana has been the issuance of USDC by Circle.\u00a0<\/p>\n<p>In the past week alone, tokens worth approximately $3.5 billion have been issued on the network, and since the start of the year, about $4 billion, according to <a href=\"https:\/\/www.theblock.co\/data\/stablecoins\/usd-pegged\">The Block<\/a>.\u00a0<\/p>\n<p>USDC accounts for about 80% of the stablecoin supply on Solana.<\/p>\n<p>This trend emerged amid the excitement surrounding <a href=\"https:\/\/u1f987.com\/en\/news\/what-to-know-about-donald-trumps-memecoin-surge-supply-and-industry-impact\">meme coins issued by the Trump family<\/a>.<\/p>\n<p>The launch of these assets has had a broader impact on the Solana ecosystem, setting the stage for SOL to potentially reach <a href=\"https:\/\/u1f987.com\/en\/news\/solana-hits-record-high-as-on-chain-trading-surges\">a record high above $270<\/a>.<\/p>\n<p>Back in January, a client of the <span data-descr=\"over-the-counter\" class=\"old_tooltip\">OTC<\/span> platform Paradigm bet on Solana <a href=\"https:\/\/u1f987.com\/en\/news\/whale-bets-on-solana-surging-to-400-by-februarys-end\">reaching $400 by the end of February<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the beginning of the year, the value of stablecoins on the Solana network has surged by 112%\u2014from $5.11 billion to $10.84 billion, according to DeFi Llama. Source: DeFi Llama. For comparison, the equivalent figures in other networks are: Ethereum\u2014 $116.5 billion;\u00a0 TRON\u2014 $59.9 billion;\u00a0 BNB Chain\u2014 $7.03 billion;\u00a0 Base\u2014 $3.84 billion. The growth driver [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,1159,807,910],"class_list":["post-20622","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-donald-trump","tag-solana-sol","tag-stablecoins","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20622"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20622\/revisions"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}