The post Stablecoin Inflows Surge on Solana appeared on BitcoinEthereumNews.com.

In the past week, Solana (SOL) has witnessed a significant rise in the inflow of stablecoins, with a remarkable $424.87 million increase in USDT and USDC holdings. This surge underscores the growing dominance of Solana as a blockchain network for stablecoin transactions, cementing its position as a leader in the sector. The increase is particularly notable when compared to other blockchains, highlighting Solana’s strength in attracting liquidity. According to Lookonchain, Base, another blockchain that has attracted attention, experienced a substantial increase of $75 million in stablecoin holdings during the same period. While the inflows to Base were smaller compared to Solana, the $75 million increase marks a positive trend and indicates growing adoption and liquidity on the platform. This increase places Base among the top performers in the week, signaling a promising future for its ecosystem. Several other blockchains showed notable performance in the past seven days. Polygon (POL) saw an increase of $35.2 million in stablecoins, while Optimism (OP) grew by $15.29 million, reflecting moderate growth. These increases reflect the ongoing development and growing adoption of Layer 2 solutions, particularly in scaling Ethereum-based transactions. Noble and Aptos (APT) also registered positive growth, with Noble gaining $8.15 million and Aptos receiving $3.45 million in stablecoin inflows. These figures indicate the strengthening of these networks, albeit at a slower pace compared to the more prominent platforms like Solana and Base. However, not all networks experienced growth. Binance Smart Chain (BSC) saw a small decline of $0.29 million, while Fantom (FTM) faced a more significant decrease of $1.95 million in stablecoin holdings. The Near Protocol (NEAR) also experienced a $3.27 million drop, highlighting the volatility in the stablecoin market and the challenges that some blockchains face in maintaining liquidity. Solana’s Dominance Amid Blockchain Challenges Certain networks, such as TON (TON), Sui (SUI),…

---

Filed under: News - @ December 31, 2024 6:18 am