The stablecoin supply on Solana hit a new peak of over 10 billion USD, showing substantial growth since January, where it jumped nearly 110% from 5.1 billion USD.
USDC accounts for 80% of this supply, increasing from 4.2 billion USD to 8.2 billion USD, mainly contributing to the stablecoin growth on the Solana network.
This increase in stablecoin activity is paralleled by a surge in Solana’s token price above 260 USD and daily transaction fees exceeding 33 million USD, reflecting heightened trading interest.
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