Top 10 blockchains ranked by stablecoin transfer volume in 2024:
1. Solana: Ranked first, the total stablecoin transfer volume reached 10.5 trillion, and the annual growth rate was as high as +1,574%. This indicates that Solana’s network has significantly improved in processing stablecoin transactions, likely due to its efficient and low-cost on-chain transactions.
2. Ethereum: ranked second with a transfer volume of 7.8 trillion, with an annual growth rate of +76.6%. As the traditional main chain for stablecoin transactions, Ethereum's growth performance remains solid, which is related to its dominant position in the DeFi ecosystem.
3. TRON: Ranked third, with a total transfer volume of 5.4 trillion and an annual growth rate of +44.2%. TRON's popularity in the Asian region is high, and its fast settlements and low transaction fees continue to attract users.
4. Base and BNB Chain: Base chain occupies the fourth place with a transfer volume of 2.3 trillion, and BNB Chain ranks fifth with 899 billion, respectively showing the rapid development of the new blockchain network (Base) and the stable market of the BNB chain. share.
5. Arbitrum: 704 billion transfer volume, annual growth rate +87.4%. As a Layer 2 solution for Ethereum, Arbitrum’s growth reflects the widespread adoption of L2 scaling solutions.
6. Polygon and Avalanche: ranked at the bottom with transfer volumes of 255 billion and 246 billion respectively, with annual growth rates of +48.3% and +142% respectively. Avalanche’s growth is particularly notable, possibly due to its successful deployment in the cross-chain bridging and NFT markets.
7. Optimism and TON: Optimism reached 228 billion transfer volume, with an annual growth rate of +33.1%. The TON chain ranked 10th with a total volume of 3.87 billion, but specific growth data was not provided.
Solana, Ethereum and TRON continue to dominate the market, but the growth rate of emerging chains such as Base and Arbitrum is worth watching. This increase in transfer volume may be directly related to the expansion of the ecosystem, the increase in the number of users, and the improvement of transaction efficiency.