The offer of Snakes on Solana jumped 112% in January to a record summit of $ 11.1 billion, CCData (a PK Press Club subsidiary) said on Friday in a research report.
The sharp increase coincided with the launch of Donald Trump’s same Trump $ Trump, who caused a wave of network entries, according to the report. Stablecoin supply increased by 73.6% since the launch of $ Trump on January 18.
Negotiation activities around $ Trump led to record activity on decentralized scholarships (DEX) and contributed to the offer of Stablecoin on Solana, exceeding its previous record established in 2022 and becoming the third largest network behind Ethereum and Tron , on the basis of this metric.
The report also indicates that the market capitalization of all stablescoins adopted $ 200 billion, which has increased by $ 37 billion since Trump won the US elections in November.
The increase in supply has also coincided with a decrease in the domination of the USDT of Tether, the largest stablecoin with a market capitalization of around 140 billion dollars. According to CCData, its share of the sector increased from 67.5% to 64.9% in January, the lowest since May 2023.
One of these beneficiaries of this trend seems to be USD of Ripple, which has become the fourth largest stablecoin by exchanging a volume on the centralized scholarships in January, according to the report.
Ripple has spent a large part of the past few years locked in a legal battle with the American Securities and Exchange (SEC) commission. The “Trump” effect helped Native Token XRP to jump 33% to negotiate more than $ 3.10 this month, and CEO Brad Garlinghouse spoke of a bump in the agreements and hiring based on United States too.
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