Solana nears $10 billion milestone in stablecoin holdings amid Trump memecoin frenzy

The Solana blockchain is experiencing accelerated maturation successful stablecoin activity, with implicit $3 cardinal successful caller inflows recorded wrong the past 4 days.

Data from DefiLlama shows the full stablecoin holdings connected the web jumped from $6.1 cardinal connected Jan. 17 to $9.8 cardinal astatine the clip of writing.

This surge puts Solana adjacent to achieving the $10 cardinal milestone.

Solana Stablecoins Market Cap (Source: DeFiLlama)

The summation was chiefly driven by memecoin trading pairs utilizing the 2 largest stablecoins successful the market, USDT and USDC. Over the past 7 days, their combined worth connected Solana roseate sharply, with USDT reaching $1.6 cardinal and USDC climbing to $7.7 billion, reflecting implicit 50% maturation for each.

Top 5 Solana Stablecoins (Source: DeFillama)

These inflows item the increasing adoption of stablecoins and Solana’s expanding relation successful memecoins. The network’s scalability and ratio marque it an charismatic prime for developers and users.

The surge aligns with heightened activity prompted by the motorboat of memecoins tied to US President Donald Trump connected the Solana blockchain. The inaugural has drawn attraction to the network, expanding transaction volumes and idiosyncratic engagement.

The station Solana nears $10 cardinal milestone successful stablecoin holdings amid Trump memecoin frenzy appeared archetypal connected CryptoSlate.