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Solana’s Stablecoin Supply Rises by 73% Following Trump’s Memecoin Launch

Solana’s stablecoin supply has surged 73% , reaching $11.1 billion , following a spike in network activity driven by the launch of the TRUMP memecoin , according to Cointelegraph and research firm CCData . With hundreds of thousands of new users joining the network , Solana has solidified its position as the third-largest blockchain by stablecoin supply , trailing only Ethereum and Tron . Solana’s Stablecoin Boom: Key Drivers Why Solana’s Stablecoin Supply Is Exploding: TRUMP Memecoin Frenzy – The launch of Donald Trump’s memecoin drove a surge in on-chain transactions . New User Influx – A massive wave of new users has joined the Solana ecosystem, increasing liquidity and activity . Lower Transaction Fees – Compared to Ethereum, Solana offers faster and cheaper stablecoin transfers , attracting DeFi users . Growing Institutional Interest – More stablecoin issuers are integrating with Solana , enhancing liquidity and adoption . Solana’s high-speed blockchain and low costs have made it a prime destination for stablecoin adoption . Solana Becomes the Third-Largest Blockchain for Stablecoins Top Blockchains by Stablecoin Supply: Ethereum – Largest stablecoin ecosystem Tron – Dominates USDT transfers Solana – Now the third-largest, with $11.1B in stablecoins With this rapid growth , Solana is challenging Ethereum and Tron in the stablecoin market . Will Solana’s Stablecoin Surge Continue? Potential for More Memecoin Hype – If new high-profile memecoins launch on Solana, activity could remain elevated . Institutional Stablecoin Adoption – More regulated stablecoin projects may launch on Solana, boosting credibility. Continued DeFi Growth – With more liquidity and users , Solana could expand its DeFi ecosystem . If these trends persist, Solana’s stablecoin dominance could continue rising , further cementing its place in the crypto economy . FAQs How much has Solana’s stablecoin supply increased? It has grown 73% since mid-January , reaching $11.1 billion . What caused the surge in Solana’s stablecoin supply? The launch of Trump’s TRUMP memecoin and an influx of new users have driven the increase. Is Solana now the third-largest blockchain for stablecoins? Yes, Solana has surpassed other networks, trailing only Ethereum and Tron . Will Solana’s stablecoin supply keep growing? If DeFi adoption, institutional interest, and memecoin activity continue, Solana could further strengthen its position . Why is Solana attracting stablecoin adoption? Solana offers low fees, fast transactions, and a thriving DeFi ecosystem , making it ideal for stablecoin transfers . Conclusion Solana’s stablecoin supply has surged 73% to $11.1B , fueled by Donald Trump’s TRUMP memecoin launch and rising network activity . Now the third-largest blockchain for stablecoins , Solana’s low fees and high transaction speed are attracting more users and institutional adoption . If the trend continues, Solana could challenge Ethereum and Tron , reshaping the stablecoin and DeFi landscape . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. CoinTurk News

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XRP Trading Volume Soars Post-Election as On-Chain Activity and Automated Market Maker Swaps Surge

The XRP Ledger (XRPL) has achieved a significant milestone, surpassing $1 billion in transaction volume, propelled by a surge in Automated Market Maker (AMM) swaps. After the recent US elections, CoinTurk News