Stablecoins: Solana Passes the 5 Billion TVL Mark in 2024

In December 2024, Solana added 1 billion dollars in stablecoins to its total value locked (TVL)! Thus bringing the total TVL of stablecoins on its network to about 5 billion dollars. This significant increase highlights the accelerated adoption of stablecoins and the rise of the Solana network in the crypto ecosystem.

Crypto: Solana adds 1 billion USD in stablecoins to its TVL

The majority of this value consists of USDC, which represents nearly 4 billion $ of the total TVL. Tether (USDT) is the second most popular stablecoin on the crypto platform, with about 1 billion $ in TVL. This rapid growth of stablecoins on Solana is a strong indicator of the growing confidence of users and investors in the network.

Since 2023, Solana has established itself as a serious competitor to Ethereum in the field of DeFi. As well as in other applications requiring smart contracts. In 2024, Solana’s TVL increased by about five times! Rising from 1.4 billion dollars to over 8.6 billion dollars. This impressive performance is largely due to the increase in the adoption of stablecoins. But also to the growing interest in crypto tokens on Solana, such as memecoins and AI agent tokens. $BTC $SOL