CandleFocus Ether and Solana Grow in Brazilian Markets
2024-12-15
Author: Content Editor
The adoption of solana and ether is increasing in the Brazilian crypto market, according to data from the national tax enforcer. Ether saw a significant increase in utilization, with 950,000 transactions totaling over $165 million, compared to 600,000 transactions and nearly $40 million last year. Solana also experienced a surge, growing from 223,000 transactions with a turnover of $9.43 million to 443,000 transactions and close to $84 million. However, the Brazilian crypto market is still dominated by dollar-pegged stablecoins like Tether's USDT and USDC, which accounted for $2.64 billion, 70% of the volume transacted in Brazil in October.
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