In January, the stablecoin transfer volume on the Solana chain exceeded US$300 billion, an increase of more than 25 times year-on-year.

According to Artemis data, as of January this year, the stablecoin transfer volume on the Solana blockchain has reached 303 billion US dollars, which is higher than the stablecoin transfer volume on the blockchain in December 2023 (297 billion US dollars), and has increased by 2520% compared to January 2023 (11.56 billion US dollars).

The market share of stablecoins on the Solana blockchain is currently close to 32%, a significant increase from 1.2% a year ago. Stablecoin activity on the Solana blockchain has been steadily increasing since October last year, with a 650% increase.