Solana
Trading Volumes
Break Records, Stablecoin TVL Surpasses $5B
Solana Trading Volumes Break Records, Stablecoin TVL Surpasses $5B
by Krishi Chowdhary
25 minutes ago
in Altcoin News , Crypto News
0
December was a great month for the crypto industry as a whole. As of December
30, cumulative on-chain spot trading volumes reached a record $451.5B — a 19%
jump from November (which previously held the record at $379.5B).
During the same period, on-chain derivatives trading volumes reached a record
$325.3B, a $81.3B increase from last year and a $10B increase from March.
Solana Beats BSC• Телекоммуникации и связь » Радио » Радиосвязь » Сотовая связь » TDMA » GPRS
• Телекоммуникации и связь » Телефонная связь » Сотовая связь » TDMA » GPRS and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
Solana led this growth. For the third consecutive month, it held the position
for the most-used blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн for spot trading, with a total volume of nearly
$112B. Binance Smart Chain (BSC• Телекоммуникации и связь » Радио » Радиосвязь » Сотовая связь » TDMA » GPRS
• Телекоммуникации и связь » Телефонная связь » Сотовая связь » TDMA » GPRS) came second with a volume of $96.2B, and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum came third with a monthly volume of $86.6B.
It s worth noting that although Solana ecosystem outperformed BSC• Телекоммуникации и связь » Радио » Радиосвязь » Сотовая связь » TDMA » GPRS
• Телекоммуникации и связь » Телефонная связь » Сотовая связь » TDMA » GPRS and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, $SOL s trading volume fell by 15.7% month-to-date. However,
last month it hit $132.3B, an all-time high for on-spot trading. Hence, a dip
was to be expected.
Alongside its exceptional performance in on-spot trading, the Solana network
added $1B worth of stablecoins to its Total Value Locked (TVL) in December.
This brings the TVL of stablecoins on its network to $5B. Out of this, $4B is
in $USDC, and the remaining $1B is in $USDT.
The growing value of stablecoins on Solana shows the trust investors have in
this network. But the real question is — can Solana handle such rapid growth?
Can Solana Handle the Growing Demand?
Two years after its 2022 dip, Solana stands neck-and-neck with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum. Yet, it s still a relatively small network with just 1/7th of
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s TVL. Naturally, concerns arise about its capability to handle
the demand.
It s early to judge for sure. Still, here are some reasons why we think
Solana will continue to thrive:
Solana is no stranger to setbacks. 2022 was one of the darkest years in its
journey, given the FTX collapse and $SOL s value plummeting to just $8.
Now, however, it s priced at over $200. This is all the proof we need of
its resilience.
Solana had no major outages in 2024. In 2022, major outages were happening
every month.
It has a diverse ecosystem which attracts different types of investors. The
more the variety, the more the demand. Solana has, in fact, already
outperformed both Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum in many areas of growth.
On top of that, Layer-2 solution Solaxy aims to help Solana handle the growing
traffic without hampering transaction speed. It s fair to say that
Solana is very much ahead of the curve and is equipped to handle whatever
comes its way.
Solaxy Raises $7.8M, Promises to Solve Solana s Limitations
Presale of $SOLX , Solaxy’s native currency, kicked off in December and
already surpassed $7.8M . The token is currently priced at $0.001588, but the
price will increase once the presale hits the next milestone (which
won t take long given the current pace).
Some experts even predict $SOLX to be the next 100x coin , but we always
recommend to do your due diligence.
While we don t give financial advice, if you are thinking about
investing in $SOLX, there can hardly be a better time. Presale is a prime
opportunity to grab the best meme coins for the lowest possible price.