The market capitalization of Solana StableCoin exceeds $ 100 billion milestones.

Solana is the second largest blockchain with the locked total value (TVL), and its ecosystem is growing and is driven by the rapid increase in stubcoin market value.

Demonstration Finance (Defi) Analysis Platform Defillama shows that the market capitalization of the network StableCoin has reached $ 10.7 billion at the time of writing.

Break the record

Previously, all SOLANA’s highest group value of StableCoins was about $ 6,259 million. Achieved in June 2022. Between December 2022 and January 2024, Metric fell below $ 2 billion, as enjoying high numbers, the largest blockchain rival Ethereum. $ 100 billion.

During that period, Justin Saint’s Tron also registered a high market capitalization of stubcoin, about $ 50 billion in early 2024 to $ 31 billion in June 2022.

The two networks maintain dominance, but the recent growth of Sorana is surprising. In the past seven days, the value of StableCoin in EtherEum and Tron has slightly exceeded 1 %. On the other hand, Anatrei Jacovenko platform has risen soaringly with a large -scale of 77.45 %, making a new record of more than $ 10 billion.

The technical ability of the blockchain has also been tested. According to what is reported, it processes about 350 million transactions every day, produce $ 150 million fees a year, to $ 19.4 billion per year.

Tron and Ethereum, unlike 98.3 %, 56.3 %, each of which Solana’s largest StableCoin is 98.3 %, 56.3 %, and accounts for 77.2 % of market capitalization. The Eco System has a total of $ 8.26 billion, looking at a $ 3.75 billion token issued in the past week.

The USDT value on the network is slightly below $ 2 billion, and PayPal’s PYUSD is $ 150 million.

Mome coin mania behind Sorana’s performance

According to analysts, the surge was driven mainly by the Meme Coin Trading pair using USDC and USDT. It matched the release of two tokens on the blockchain. One is from President Donald Trump and First Lady Melania.

The official Trump (Trump) coin was the story of the town last weekend, reaching a remarkable market capitalization of $ 15 billion, temporarily covering Pepe and Seava dogs, and is the second largest in the market. It became a Mem coin. However, the introduction of Melania’s Melania (Melania) was raining in the parade of Trump, and the president’s tokens lost half the value in just a few hours.

Currently, Trump is trading at a level of $ 36, with a market capitalization of $ 7.25 billion, the largest cryptocurrency in the market. Another token has dropped 24 % in the past 24 hours and has now changed his hand for $ 2.79.

By the way, the frenzy associated with the release of The Two Meme Coins has helped to raise the price of SOL by 18 % and reach a new highest price of $ 270.