Following Base, Solana 
$241 captured 25% of stablecoin transaction volumes, while Ethereum 
$3,656 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.
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.
