Solana rises 2520%

The transaction volume of stablecoins on the Solana blockchain rose to more than $300 billion in January. That's a whopping 2,520% increase from January 2023, when the volume was only $11.56 billion.

This makes Solana the second blockchain in the world with the highest stablecoin transfer volume, after Ethereum. Ethereum processed $317 billion in stablecoin transactions in January 2024.