Solana (SOL) is experiencing an influx of stablecoin inflows due to the growing popularity of DeFi lending and DEX activities. Lookonchain data shows that Solana attracted over $454 million in stablecoin inflows in the past week, surpassing other chains. While other chains experienced stablecoin outflows, Solana has managed to attract value and establish itself as one of the most active chains for 2024. Stablecoins have also boosted other chains such as Optimism, Base, Arbitrum, and SUI. Despite facing some transaction failures and carrying low-value transactions, Solana has become a leading destination chain for bot traders and has seen a significant expansion in lending, particularly with meme tokens as collateral.



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