Solana DeFi Traders - USDC vs USDT Volume & Liquidity
USDT may rule the world, but USDC rules on Solana π
I was doing some research on the Solana ecosystem yesterday and ran a quick query on stablecoin volume.
USDC = 78%
USDT = 22%
USD and USDD = negligible
And this makes sense because:
- Most Solana DEXs use USDC as a base pair for swaps.
- A huge portion of new stablecoin inflows comes as USDC
- USDC is used where traders frequently enter and leave positions
Tether is still strong globally (55% of global market share) but USDC rules over in Solana.
Stablecoins are the most interesting thing happening in crypto right now (in my opinion π).
If you're building on them, trading them, or just starting to pay attention, I want to hear from you. Comment below or DM me!
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