Solana’s Stablecoin Market Hits Record $11 Billion as Ecosystem Dominates Blockchain Landscape

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Solana is progressing well in the blockchain space that’s affiliated with cryptocurrency. Now, the total amount of stablecoins on Solana has surpassed $11 billion—a new all-time high—indicating remarkable growth and adoption for the ecosystem. The blockchain also recorded about $1 billion in DEX trading volume last month, giving it more than a 20% share of the overall DEX space. Best of all, the blockchain’s native token, $SOL, is showing a lot of promise in trending upward. Solana Stablecoin Market Hits Milestone Since January 2, 2025, Circle, the issuer of $USDC, has minted a staggering 5.25 billion $USDC tokens on Solana.

The post Solana’s Stablecoin Market Hits Record $11 Billion as Ecosystem Dominates Blockchain Landscape appeared first on The Merkle News.

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