Posted 11 days ago

Solana DeFi Traders - USDC vs USDT Volume & Liquidity

USDT may rule the world, but USDC rules on Solana πŸ‘€ 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 😁). 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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