A recent report by PANews highlights a significant increase in stablecoin inflows on the Solana and Base chains. According to data from Lookonchain, the past seven days have seen substantial growth in the value of stablecoins on these blockchain platforms.
Solana Chain Sees Notable Increase
The Solana chain has experienced a notable surge in stablecoin inflows, with USDT and USDC increasing by $424.87 million over the past week. This significant growth indicates a rising interest in the Solana ecosystem.
Base Chain Also Experiences Growth
Meanwhile, the Base chain has also seen an increase in stablecoin inflows, albeit at a slower pace. USDT and USDC on the Base chain have grown by $75 million over the same period. This growth suggests a growing adoption of the Base chain among users.
Market Trends and Insights
The recent surge in stablecoin inflows on the Solana and Base chains may be indicative of a broader trend in the cryptocurrency market. As investors and users increasingly explore alternative blockchain platforms, the demand for stablecoins on these chains is likely to continue growing.
Source: Coinbuzzfeed.com
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