Solana (SOL) experienced a significant influx of stablecoins in the past week, with nearly $425 million entering its ecosystem. This marks the largest stablecoin inflow across all blockchains and could boost Solana's ecosystem and SOL's price. In contrast, Ethereum and other chains saw significant outflows of stablecoins. Despite the influx of stablecoins, Ethereum still leads in stablecoin liquidity. Solana currently has $5.23 billion in stablecoins and $8.56 billion in total value locked (TVL), and if the trend continues, it could surpass Binance's smart chain and Arbitrum in stablecoin holdings. The price of SOL has risen by 3.54% in the last seven days, potentially indicating growth potential in line with the increased stablecoin liquidity. However, it is essential to exercise caution when trading or investing in cryptocurrencies due to their inherent risks and volatility.
- Content Editor ( finbold.com )
- 2024-12-30
SOL could surge as Solana absorbs $400 million stablecoins in a week, Ethereum loses millions