We’re seeing stablecoin supply expand across virtually every major chain, and
@Solana is no exception.
Its supply grew 11x vs. roughly 2.5x for the broader market. It’s now one of the largest stablecoin ecosystems, with over $500B in gross transfer volume in July (source:
@artemis).
This reinforces our view that stablecoins are becoming the payment rails of the internet.
As liquidity grows, demand for efficient swap and yield infrastructure will grow with it.
We’re seeing that firsthand at
@LucidLabsFi too, with stablecoin transaction volume continuing to increase.
That’s exactly where we want to be positioned.