Solana flipped Ethereum in weekly stablecoin transfer volume as investors chase after yield, airdrops and high returns from the memecoin frenzy.
Solana has flipped Ethereum to become the number one blockchain in weekly stablecoin transfer volume.
Data from blockchain analytics platform Artemis reveals that Solana’s weekly transfer volume for stablecoins reached $364.7 billion, overtaking the Ethereum network, which reported $152.99 billion. Other top chains like Tron and BNB Chain saw volumes of $101.57 billion and $22.75 billion, respectively.
The figure adds to the total stablecoin transfer volume for March, which currently stands at $804 billion, almost eclipsing the $960 billion in Solana stablecoin transfer volume for February.
