Bitcoin
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$67,049.00 6.04055
Bitcoin price
Ethereum
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$3,524.61 4.08978
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BNB
BNB (BNB)
$593.50 5.12475
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$170.23 9.31955
Solana price
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$0.5823930 2.66517
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$0.0000179 5.24705
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$0.0000124 10.1496
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$0.0000317 21.72818
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Bitcoin
Bitcoin (BTC)
$67,049.00 6.04055
Bitcoin price
Ethereum
Ethereum (ETH)
$3,524.61 4.08978
Ethereum price
BNB
BNB (BNB)
$593.50 5.12475
BNB price
Solana
Solana (SOL)
$170.23 9.31955
Solana price
XRP
XRP (XRP)
$0.5823930 2.66517
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 5.24705
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 10.1496
Pepe price
Bonk
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$0.0000317 21.72818
Bonk price
Bitcoin
Bitcoin (BTC)
$67,049.00 6.04055
Bitcoin price
Ethereum
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$3,524.61 4.08978
Ethereum price
BNB
BNB (BNB)
$593.50 5.12475
BNB price
Solana
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$170.23 9.31955
Solana price
XRP
XRP (XRP)
$0.5823930 2.66517
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 5.24705
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 10.1496
Pepe price
Bonk
Bonk (BONK)
$0.0000317 21.72818
Bonk price
Bitcoin
Bitcoin (BTC)
$67,049.00 6.04055
Bitcoin price
Ethereum
Ethereum (ETH)
$3,524.61 4.08978
Ethereum price
BNB
BNB (BNB)
$593.50 5.12475
BNB price
Solana
Solana (SOL)
$170.23 9.31955
Solana price
XRP
XRP (XRP)
$0.5823930 2.66517
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 5.24705
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 10.1496
Pepe price
Bonk
Bonk (BONK)
$0.0000317 21.72818
Bonk price

Solana flips Ethereum in 7-day stablecoin volume

solana-flips-ethereum-in-7-day-stablecoin-volume
Edited by
News
Solana flips Ethereum in 7-day stablecoin volume

Blockchain users transacted $100 billion in stablecoin volume on Solana for the first time. 

Once hailed as a so-called “Ethereum killer”, Solana has flipped crypto’s largest altcoin blockchain in stablecoin transaction value over seven days. The difference in volume between Solana and Ethereum was over $13 billion, according to Artemix.xyz.

Solana
Stablecoin volumes across major blockchains | Source: Artemis.xyz

This landmark for Solana (SOL) followed a flurry of activities on its blockchain ranging from an inscriptions craze to memecoin mania with some traders turning a few bucks into six-figure hauls. Airdrops like Jito also attracted thousands of users to SOL’s blockchain. 

The interest in Solana directly impacted SOL as the crypto returned to prices not seen since Terra’s collapse in 2022. SOL gained 1,000% last year, and the digital asset traded above $110 when this report was written.

As interest and significant price appreciation occurred, on-chain trading followed suit as crypto.news reported. Decentralized exchanges (DEX) on Solana recorded over $28 billion in volume during December alone. The blockchain also set new highs for monthly active addresses, with SOL’s market cap surpassing $50 billion.

This surge allowed SOL to leapfrog Ripple’s XRP token as the fifth-largest cryptocurrency on the market. At press time, Solana was on the heels of Binance’s BNB coin and even boasted greater 24-hour trading volume per Coingecko.

With upcoming token airdrops, more rewards for SOL participants may be on the way. Jupiter, a rising DEX on Solana, is scheduled to launch its native digital currency in January.

Solana flips Ethereum in 7-day stablecoin volume - 1
Top 5 blockchains by market cap | Source: Coingecko