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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,613.83
    ethereum
    Ethereum (ETH) $ 3,024.44
    tether
    Tether (USDT) $ 0.999613
    bnb
    BNB (BNB) $ 379.38
    usd-coin
    USDC (USDC) $ 0.999952
    xrp
    XRP (XRP) $ 0.545338
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.085927
    cardano
    Cardano (ADA) $ 0.588577
    solana
    Solana (SOL) $ 102.28
    matic-network
    Polygon (MATIC) $ 0.971906
    polkadot
    Polkadot (DOT) $ 7.72
    tron
    TRON (TRX) $ 0.137474

    Solana is the community most chosen by stablecoin customers

    -

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    For the primary time in historical past, Solana is the cryptocurrency community with the very best quantity of stablecoin transfers. That is proven by the info from the Artemis chain explorer.

    Within the final week, Solana recorded 60.8 billion {dollars} (USD) in stablecoin transfers, whereas within the earlier one 103,000 million. On this approach, it stays the community with the very best quantity of transactions of this sort for the second consecutive week.

    Ethereum, which is often the dominant community on this area of interest, got here in second throughout the identical interval. Particularly, it recorded $49.9 billion and $90.9 billion in stablecoin transfers respectively in every of the final two weeks.

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    This may be seen within the following graph. The inexperienced stripe represents stablecoin transfers on Solana and the grey stripe on Ethereum.

    In the meantime, the Tron community, which has hardly ever surpassed Ethereum in weekly stablecoin switch quantity, ranked third over the previous two weeks. Exactly, it amassed 34.1 billion and 82.2 billion in every respectively. Within the earlier graph, this determine is in crimson.

    Thus, Solana presently leads round 37% of the full weekly stablecoin switch quantity, which is 308.8 billion {dollars}. In the meantime, Ethereum dominates 31% and Tron 21%, which retains them among the many most used with a major distinction from the remainder that doesn’t even attain 4%.

    Solana additionally surpassed Ethereum in Google searches

    This situation has taken place whereas Google searches worldwide for the time period β€œSolana” they’ve been rising till surpassing these of Ethereum and Tron. This may be seen within the graph beneath, the place Solana’s are in blue, Ethereum in crimson and Tron in yellow.

    See also  Dynamic Availability and Enter Endorsers to Propel TPS 100x

    As well as, as reported by CriptoNoticias, Solana has lately stood out for having a rebound in its decentralized finance (DeFi) functions. And it has additionally been highlighted by the rise of greater than 800% within the value of its native cryptocurrency, SOL. All of this may be attributed to Solana being one of many most cost-effective and quickest layer 1 networks, thus gaining customers who usually are not prepared to pay Ethereum’s excessive charges.

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