Solana adds $1B worth of stablecoins in December
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 31 2024Solana's Stablecoin Growth: In December, Solana onboarded an additional $1 billion in stablecoins, primarily USDC, bringing its total value locked (TVL) to approximately $5 billion, with USDT as the second most popular stablecoin at around $1 billion.
Competitive Positioning Against Ethereum: Solana has emerged as a significant competitor to Ethereum in decentralized finance (DeFi), with its TVL increasing fivefold in 2024, while still trailing Ethereum's stablecoin TVL of over $110 billion.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
