Solana continues to captivate the crypto community, with the surging Layer 1 blockchain posting several landmark milestones over the past week.
Data from Artemis shows the value of stablecoin transfers tagged $103B on Solana last week, beating out all other networks. According to Degen News, a popular web3 influencer, the occasion marks the first instance in which Solana has topped the rankings or beaten out Ethereum by stablecoin volume. Ethereum ranked second with $90.9B, followed by Tron with $82.3, and BNB Chain with $14.6B.
According to Qiao Wang, a former researcher for Messari, Solana-based USDC also overtook Tron-based USDT as the single most transacted stablecoin by volume.
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#undefined [Source: TheDefiant]