- Solana’s stablecoin transfer volume jumps 600%, reaching $16.6 billion.
- Following the JTO airdrop, Solana saw increased activity and integrated Euro Coin.
- The cryptocurrency’s market value and DeFi TVL showed significant growth.
Solana has recently marked a notable achievement in the world of cryptocurrencies. As a crypto journalist, Laura Shin stated that the network’s daily stablecoin transfer volume has witnessed a remarkable 600% increase as of December 2023 on X (formerly Twitter). This surge, bringing the volume to $16.6 billion, catapults Solana ahead of established blockchain networks like Ethereum, Tron, BNB Chain, and Arbitrum.
.@Solana now leads the pack in daily stablecoin transfer volume, reaching $16.6 billion on Monday, per institutional blockchain analytics platform @artemis__xyz, @httpsageyd reports.https://t.co/csCY9Jvxlp— Laura Shin (@laurashin) December 19, 2023
In 2022, its daily transfer volumes fluctuated between $33 million and $743 million, never crossing the billion-dollar mark. Nirmal Krishnan, Head of Engineering at Artemis, while shedding light on this growth stated:
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