Stablecoin Owners Outnumber Solana Holders: Reown Survey
Main Idea
A new survey by Reown found that stablecoin ownership has surpassed Solana ownership, with 38% of users owning stablecoins compared to 37% for Solana, while Bitcoin and Ethereum continue to dominate crypto ownership at 48%.
Key Points
1. Stablecoin ownership (38%) now exceeds Solana ownership (37%), with Bitcoin and Ethereum leading at 48%.
2. Onchain payments are growing rapidly, with 10% of users ranking payments as their second most common crypto activity.
3. Stablecoins have become a key crypto use case, supported by the GENIUS Act and Circle's recent IPO.
4. 62% of crypto users manage two or more wallets, indicating a fragmented ecosystem with diverse wallet usage.
5. WalletConnect is innovating with Smart Sessions to improve onchain UX for AI-powered interactions.
Description
The growth of crypto payments points to the emerging use of crypto for “utility rather than speculation,” according to a new survey.
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