According to Artemis platform specialists, the total transfer volume to Solana has risen by a mind-boggling 26.2 times in just a year, reaching an impressive $11.56 billion.
Analysts at Artemis attribute this significant growth to the rising popularity of the USDC stablecoin, which is based on the Solana blockchain. They note that the share of blockchain in the overall turnover of stablecoins has surged to 32%, a remarkable leap from its 1.2% share in 2023. The trend toward increased transfers began forming in October.
Although Ethereum holds the first position in terms of transfers, with a January volume of $317 billion, Solana has solidified its spot in second place, with Tron coming in third. The Tron network recorded transfer volumes of $240 billion for January.
Notably, Solana developers have already received an astonishing 30,000 pre-orders for their new smartphones within a mere 24 hours.