The supply of stablecoins on Solana exceeds US$3 billion, with USDC accounting for 73%

Odaily News Blockchain analysis platform Artemis data shows that the stablecoin supply on the Solana network has increased by 55.72% in the past three months, reaching $3.12 billion. Among them, stablecoin transfer volume surged by 164% to US$1.4 trillion, reflecting very high network activity. A breakdown of stablecoins on Solana shows that USDC dominates, accounting for 73% of such assets on the network. On April 2, USDC’s stablecoin transfer volume reached US$63.69 billion, surpassing USDT’s US$812.41 million, and EURC ranked among the top three with a transaction volume of less than US$100,000. Analysis points out 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 26. (CryptoSlate)