The supply of stablecoins on Solana exceeds US$3 billion, with USDC accounting for 73%

Data from blockchain analytics platform Artemis shows that the supply of stablecoins on the Solana network has increased by 55.72% to $3.12 billion in the past three months. Among them, the volume of stablecoin transfers surged by 164% to $1.4 trillion, reflecting the very high activity of the network. The breakdown of stablecoins on Solana shows that USDC dominates, accounting for 73% of such assets on the network. On April 2, USDC's stablecoin transfer volume reached $63.69 billion, surpassing USDT's $812.41 million, and EURC ranked in the top three with a transaction volume of less than $100,000. The analysis pointed out that USDC's dominance on Solana is directly related to Circle's launch of the Cross-Chain Transfer Protocol (CCTP) on the network on March 26. (CryptoSlate)