The stablecoin supply on Solana exceeds $3 billion, with USDC accounting for 73%

According to data from Artemis, a blockchain analysis platform, the supply of stablecoins on the Solana network has increased by 55.72% in the past three months, reaching 3.12 billion US dollars. The transfer volume of stablecoins has surged by 164%, reaching 1.4 trillion US dollars, reflecting very high network activity.

Detailed data on stablecoins on Solana shows that USDC dominates, accounting for 73% of such assets on the network. On April 2nd, the stablecoin transfer volume of USDC reached 63.69 billion US dollars, surpassing USDT's 812.41 million US dollars, and EURC ranked third with a transaction volume of less than 100,000 US dollars.

Analysis indicates that USDC's dominance on Solana is directly related to Circle's launch of the cross-chain transfer protocol (CCTP) on the network on March 26th. (CryptoSlate)