Solana Stablecoin Market Cap Surpasses $10B Milestone

Description

Solana, the second-largest blockchain by Total Value Locked (TVL), has seen its ecosystem grow exponentially, driven by a rapid increase in the market value of its stablecoins. Data from the decentralized finance (DeFi) analytics platform DefiLlama shows that the network’s stablecoin market cap had reached $10.7 billion at the time of writing. Breaking Records Previously, the highest collective value of all the stablecoins on Solana was about $6.259 billion, achieved in June 2022. Between Decemb...