-
BTC 68,441.29 (+2.66%) -
ARS 1,121.70 (+1.19%) -
ETH 3,143.99 (+2.35%) -
SOL 181.39 (+6.66%) -
PEPE <0.01 (+4.15%) -
WIF 2.75 (+8.97%) -
XRP 0.52 (+2.39%) -
RUNE 6.97 (+4.96%) -
DOGE 0.15 (+2.07%) -
NEAR 8.14 (+4.17%) -
FTM 0.94 (+9.90%) -
LINK 16.58 (-2.34%) -
BONK <0.01 (+0.31%) -
RNDR 10.61 (+4.09%) -
BOME 0.01 (+4.96%) -
PYTH 0.46 (+18.70%) -
ENA 0.74 (+4.65%) -
UNFI 5.11 (+29.02%) -
PENDLE 5.62 (+18.47%) -
AVAX 36.95 (+3.65%) -
FLOKI <0.01 (+2.92%) -
SUI 1.14 (+10.07%) -
WLD 4.87 (+2.14%) -
CREAM 75.61 (-11.27%) -
AR 48.96 (+3.79%) -
JTO 4.45 (+0.38%) -
ORDI 40.96 (+2.02%) -
ADA 0.47 (+0.24%)
Solana stablecoin transfer volume hits record monthly high of 300B
Published: 2024-01-21
1. Solana Stablecoin Transfer Volume Reaches Record Monthly High - Solana's stablecoin transfer volume has reached a record monthly high,indicating growing popularity and usage of stablecoins within the Solana ecosystem. - The surge in transfer volume suggests increasing demand for stablecoins as a means of transaction within the Solana blockchain network. - This growth is likely influenced by factors such as Solana's scalability and low transaction fees,which make it an attractive platform for stablecoin transactions. - The achievement of a record monthly high demonstrates the growth potential of Solana as a blockchain network and its ability to support increased transaction volumes.
2. Growing Importance of Stablecoins in the Cryptocurrency Market - The rising transfer volume of stablecoins on Solana signifies the growing importance of stablecoins within the overall cryptocurrency market. - Stablecoins,as their name suggests,are designed to maintain a stable value with a peg to a fiat currency like the US dollar,making them less volatile than other cryptocurrencies. - The use of stablecoins for transactions is gaining traction due to the stability they offer,making them a preferred choice for everyday transactions and as a store of value. - The increased adoption of stablecoins on Solana reflects the wider acceptance and recognition of stablecoins as a crucial component of the cryptocurrency ecosystem.
3. Implications for the Solana Ecosystem and Future Growth - The record monthly high in stablecoin transfer volume on Solana indicates the platform's successful integration of stablecoins and its potential for future growth. - The increasing usage of stablecoins within the Solana ecosystem could attract more developers,users,and businesses to leverage the platform's capabilities. - Solana's scalability,high throughput,and low transaction fees provide a competitive advantage for stablecoin transactions,positioning the platform as a desirable choice for users seeking fast and cost-effective transactions. - The continued growth of stablecoin usage on Solana could potentially have a positive impact on the overall liquidity and value of Solana's native cryptocurrency,SOL. Overall,the article highlights the significant increase in stablecoin transfer volume on the Solana blockchain network,shedding light on the growing importance of stablecoins in the cryptocurrency market. The implications suggest that Solana's successful integration of stablecoins and its competitive advantages could drive further growth and adoption within the ecosystem.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
68,441.29 | 1,926,510,446.83 |
| 2 | ARS |
1,121.70 | 1,188,039,887.20 |
| 3 | ETH |
3,143.99 | 854,990,303.81 |
| 4 | SOL |
181.39 | 719,184,159.93 |
| 5 | PEPE |
<0.01 | 204,841,746.08 |
| 6 | WIF |
2.75 | 176,118,620.67 |
| 7 | XRP |
0.52 | 130,109,661.09 |
| 8 | RUNE |
6.97 | 124,613,689.64 |
| 9 | DOGE |
0.15 | 113,929,872.30 |
| 10 | NEAR |
8.14 | 90,359,931.07 |
| 11 | FTM |
0.94 | 88,051,302.56 |
| 12 | LINK |
16.58 | 83,573,988.18 |
| 13 | BONK |
<0.01 | 83,341,659.96 |
| 14 | RNDR |
10.61 | 76,657,680.59 |
| 15 | BOME |
0.01 | 75,880,958.29 |
| 16 | PYTH |
0.46 | 68,880,231.48 |
| 17 | ENA |
0.74 | 58,468,523.17 |
| 18 | UNFI |
5.11 | 55,300,572.88 |
| 19 | PENDLE |
5.62 | 54,631,716.05 |
| 20 | AVAX |
36.95 | 52,384,754.10 |
| 21 | FLOKI |
<0.01 | 47,357,541.04 |
| 22 | SUI |
1.14 | 46,816,123.74 |
| 23 | WLD |
4.87 | 46,630,625.13 |
| 24 | CREAM |
75.61 | 43,835,459.78 |
| 25 | AR |
48.96 | 41,658,006.73 |
| 26 | JTO |
4.45 | 40,077,151.91 |
| 27 | ORDI |
40.96 | 39,757,305.90 |
| 28 | ADA |
0.47 | 38,961,968.90 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | UNFI |
5.11 | +29.02 |
| 2 |  RSR |
0.01 | +21.87 |
| 3 | PYTH |
0.46 | +18.70 |
| 4 | PENDLE |
5.62 | +18.47 |
| 5 |  BEAMX |
0.03 | +14.49 |
| 6 |  RAY |
2.06 | +14.06 |
| 7 |  INJ |
27.46 | +11.26 |
| 8 |  THETA |
2.38 | +10.26 |
| 9 | SUI |
1.14 | +10.07 |
| 10 | FTM |
0.94 | +9.90 |
| 11 |  TAO |
403.50 | +9.56 |
| 12 | WIF |
2.75 | +8.97 |
| 13 |  GMX |
31.35 | +8.70 |
| 14 |  KSM |
31.43 | +8.45 |
| 15 |  GNO |
319.20 | +8.28 |
| 16 |  KEY |
<0.01 | +8.19 |
| 17 |  BOND |
3.11 | +7.64 |
| 18 |  AXL |
1.05 | +7.57 |
| 19 |  GALA |
0.05 | +7.50 |
| 20 |  ARKM |
2.51 | +7.36 |
| 21 |  ETHFI |
3.50 | +7.23 |
| 22 |  IOTA |
0.22 | +7.03 |
| 23 |  COS |
0.01 | +6.88 |
| 24 | SOL |
181.39 | +6.66 |
| 25 |  OCEAN |
0.99 | +6.55 |
| 26 |  AGIX |
0.99 | +6.46 |
| 27 |  LTO |
0.20 | +6.41 |
| 28 |  TRU |
0.13 | +6.17 |
| 29 |  PYR |
4.81 | +5.69 |
| 30 |  GLM |
0.54 | +5.64 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | CREAM |
75.61 | -11.27 |
| 2 |  OAX |
0.23 | -6.22 |
| 3 |  FARM |
73.87 | -5.95 |
| 4 |  DEXE |
12.11 | -5.76 |
| 5 |  PEOPLE |
0.04 | -4.60 |
| 6 |  POLS |
0.71 | -3.45 |
| 7 | LINK |
16.58 | -2.34 |
| 8 |  LSK |
1.76 | -2.28 |
| 9 |  PDA |
0.07 | -2.11 |
| 10 |  DIA |
0.46 | -2.07 |
| 11 |  OOKI |
<0.01 | -1.88 |
| 12 |  WAN |
0.24 | -1.82 |
| 13 |  ALCX |
23.78 | -1.74 |
| 14 |  PORTAL |
0.74 | -1.42 |
| 15 |  ELF |
0.53 | -0.94 |
| 16 |  ASR |
3.70 | -0.83 |
| 17 |  REZ |
0.11 | -0.83 |
| 18 |  ATM |
2.99 | -0.53 |
| 19 |  FUN |
<0.01 | -0.38 |
| 20 |  KP3R |
76.20 | -0.33 |
| 21 |  ZRX |
0.55 | -0.27 |
| 22 |  RARE |
0.12 | -0.25 |
| 23 |  API3 |
2.45 | -0.24 |
| 24 |  SSV |
42.72 | -0.05 |
| 25 |  XEC |
<0.01 | -0.04 |
Bitcoin's Greed and Fear Index.
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | FOMC Member Mester Speaks | Monday | 20-05-2024 | 19:00 |
| 2 | Treasury Sec Yellen Speaks | Tuesday | 21-05-2024 | 09:00 |
| 3 | FOMC Member Waller Speaks | Tuesday | 21-05-2024 | 14:00 |
| 4 | FOMC Member Barkin Speaks | Tuesday | 21-05-2024 | 14:00 |
| 5 | FOMC Member Williams Speaks | Tuesday | 21-05-2024 | 14:05 |
| 6 | FOMC Member Bostic Speaks | Tuesday | 21-05-2024 | 14:10 |
| 7 | FOMC Member Barr Speaks | Tuesday | 21-05-2024 | 16:45 |
| 8 | FOMC Member Mester Speaks | Wednesday | 22-05-2024 | 00:00 |
| 9 | Existing Home Sales | Wednesday | 22-05-2024 | 15:00 |
| 10 | Crude Oil Inventories | Wednesday | 22-05-2024 | 15:30 |
| 11 | FOMC Meeting Minutes | Wednesday | 22-05-2024 | 19:00 |
| 12 | Unemployment Claims | Thursday | 23-05-2024 | 13:30 |
| 13 | Flash Manufacturing PMI | Thursday | 23-05-2024 | 14:45 |
| 14 | Flash Services PMI | Thursday | 23-05-2024 | 14:45 |
| 15 | New Home Sales | Thursday | 23-05-2024 | 15:00 |
| 16 | Natural Gas Storage | Thursday | 23-05-2024 | 15:30 |
| 17 | FOMC Member Bostic Speaks | Thursday | 23-05-2024 | 20:00 |
| 18 | Core Durable Goods Orders m/m | Friday | 24-05-2024 | 13:30 |
| 19 | Durable Goods Orders m/m | Friday | 24-05-2024 | 13:30 |
| 20 | FOMC Member Waller Speaks | Friday | 24-05-2024 | 14:35 |
| 21 | Revised UoM Consumer Sentiment | Friday | 24-05-2024 | 15:00 |
| 22 | Revised UoM Inflation Expectations | Friday | 24-05-2024 | 15:00 |
