COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Solana and Base Lead in Stablecoin Transaction Volumes
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Solana (SOL) > Solana and Base Lead in Stablecoin Transaction Volumes
Solana (SOL)

Solana and Base Lead in Stablecoin Transaction Volumes

In Brief

  • Solana and Base lead stablecoin transaction volumes significantly.

  • Solana achieved record transaction fees exceeding $1 million.

  • Stablecoins contribute to enhanced financial freedom and market competitiveness.

İlayda Peker
İlayda Peker 7 months ago
Share
SHARE

Following Base, Solana $181 captured 25% of stablecoin transaction volumes, while Ethereum $2,621 ranked third with 20%. Circle’s USDC stablecoin dominated daily transactions, achieving a volume of $37.3 billion. Tether‘s USDT secured second place with $18 billion, while MakerDAO’s DAI came in third with a volume of $4.5 billion.

Contents
Solana Achieves Record Transaction FeesNew Products and AnnouncementsSolana Gains MomentumStablecoins’ Contribution to Financial Freedom

Solana Achieves Record Transaction Fees

Last week, Solana set a record by exceeding $1 million in transaction fees. According to Blockworks Research, this figure includes transaction fees with real economic value and MEV tips provided to validators. Additionally, Solana has been leading in daily trading volume for about two weeks. For instance, transactions surpassed $2.6 billion on October 24.

New Products and Announcements

Johnny_TVL, Head of Base DeFi, stated on the X platform, “Base is opening the door to innovative products that promote stablecoin use. This rapidly increases user interest.” This announcement highlights Base’s growth in the stablecoin market.

Solana Gains Momentum

Solana’s success is also supported by the growing popularity of AI-focused memecoin projects. An AI agent named Truth Terminal triggered the creation of memecoin projects like Goatseus Maximus (GOAT). GOAT reached a market cap of $650 million, with a daily trading volume of approximately $450 million. The launchpad Pump.fun launched 36,339 tokens on October 24, becoming the platform that produced the highest number of new tokens on Solana. In nine months, Pump.fun recorded $1 million in SOL revenue, strengthening Solana’s impact in the DeFi sector.

Stablecoins’ Contribution to Financial Freedom

Stablecoins play a significant role in the widespread adoption of financial freedom. The growth within the blockchain ecosystem stands out as a result of competition among different networks and efforts to develop innovative solutions. Base’s success indicates that other networks have the potential to increase market share using similar strategies.

In conclusion, the performance of Base and Solana underscores the role of blockchain technology and stablecoins in the financial system. Their high transaction volumes and cost advantages signal the potential for future growth.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Solana Captures Market Attention with Innovative Revenue Sharing Model

DeFi Development Expands Solana Holdings with Strategic Acquisition

Solana’s Stellar Performance Captivates Enthusiasts

Solana Price Targets $510 as It Nears Critical Resistance

Bitcoin Surges While Solana Falters: Navigating Crypto’s Shifting Landscape

İlayda Peker 28 October, 2024 - 1:02 pm 28 October, 2024 - 1:02 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Investors Place Bets on Donald Trump’s Victory in the 2024 Presidential Election
Next Article Dogecoin and Other Altcoins Show Positive Trends This Week
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Pi Network Thrives Despite Upcoming Coin Releases
Altcoin News
Crypto Coins Surge as Altcoin Season Gathers Momentum
Altcoin News
Twenty One Capital Bu Yatırım Hamlesiyle Dikkatleri Üzerine Çekti!
Bitcoin (BTC)
Solana Captures Market Attention with Innovative Revenue Sharing Model
Solana (SOL)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?