Solana’s stablecoin market cap reached $10.7 billion, surpassing the former high of $6.259 billion. This marks a growth rate of 77.45% in just a week.
While Ethereum and Tron’s stablecoin values remained stable, the trading of meme coins, particularly those linked to Donald Trump and Melania Trump, contributed to Solana’s increased market activity.
USDC accounts for 77.2% of Solana’s stablecoin ecosystem, with substantial token issuance reflecting the growing adoption and activity on this blockchain.