Solana 7-Day Trading Volume Surpasses Ethereum
Layer 1 blockchain Solana (SOL) has achieved significant milestones in the crypto community, surpassing Ethereum (ETH) in 7-day stablecoin trading volume for the first time ever.
Solana’s stablecoin transfers reached $103 billion, outperforming all other networks. Ethereum secured the second position with $90.9 billion, followed by Tron with $82.3 billion and BNB Chain with $14.6 billion.
Solana-based USDC has overtaken Tron-based USDT as the most transacted stablecoin by volume. In December, Solana surpassed Ethereum in NFT trade volume, hosting trades worth $366.6 million, while Ethereum recorded $353.2 million.
However, Solana’s NFT sales amounted to $329.3 million, 5% less than Ethereum’s $345 million during the same period.
(With inputs from Shikha Singh)
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