Stablecoin Supply on the Ethereum (ETH) Rival Solana (SOL) has risen in recent weeks after the rollout of the official Trump (Trump) Memecoin by President Donald Trump, according to the Crypto research agency CCDATA.
CCDATA notes in a new one report That Solana’s Stablecoin Supply has been torn by 73.6% since January 18, the day after the Trump Munt was launched.
Trump led to massive capital inflow and record -breaking Exchange (DEX) Trade activity on Solana, which in turn led to the increase in the STABLECOIN’s supply, according to the research agency.
The Stablecoin delivery on Solana rose by a total of 112% in January to achieve a new highest high point of $ 11.1 billion. The total market capitalization of stablecoins in all chains also rose by 5.68% last month to $ 215 billion.
According to CCDATA, January represented the 16th consecutive month of the growth of Stablecoin. The Topstablecoin per market capitalization, Tether’s USDT, lost market share, with its dominant level, however, from 67.5% to 64.9% last month.
Sol acts at $ 229.24 at the time of writing. The fifth ranking of the crypto-active per market hood has fallen by almost 4% in the last 24 hours and more than 11% in the past week, although it has stayed with almost 18% in the last 30 days.
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Generated image: midjourney
