witnessed a large uptick in interest in its ecosystem over the last few weeks. This has led to a large surge in stablecoin volumes on the network as well.According to recent data, Solana became the leading blockchain for stablecoin transfers at the time of writing, surpassing other chains in settlement volumes over the last six months.
This heightened liquidity within the Solana ecosystem not only facilitates smoother decentralized exchange operations but also attracts decentralized finance projects seeking a platform with robust performance and ample liquidity. Moreover, the diverse use cases supported by high stablecoin volumes, including trading, lending, and yield farming, contribute to a dynamic and active Solana ecosystem.In terms of daily activity, Solana surpassed Ethereum and was slowly catching up to Tron. However, in terms of TVL on the network, it was seen that Ethereum reigned supreme followed by Tron and Solana.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »