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Solana adds $22 million in euro stablecoins over seven days

Euro-denominated stablecoin market capitalization on Solana increased by $22.0 million over a seven-day period, surpassing the rest of the tracked blockchains combined, according to Token Terminal data.

A Token Terminal bar chart showing 7-day euro stablecoin market cap growth by blockchain, led by Solana with a 22 million dollar increase.
Image: @CryptoPatel

Solana led the crypto market in euro stablecoin expansion by adding $22.0 million in market capitalization over a seven-day span, according to data from on-chain analytics platform Token Terminal. The influx outpaced every other monitored blockchain on the platform's list combined.[3][2][1]

Only two other networks recorded net positive growth in euro stablecoin market cap over the same timeframe. Arbitrum One placed second with an increase of $643,500, while Arc expanded by $14,200.[3][4]

In contrast, several major networks experienced contractions in euro stablecoin holdings over the week. Token Terminal's data showed declines on Polygon (-$264,900), Algorand (-$227,500), Avalanche (-$155,800), XRP Ledger (-$80,700), Stellar (-$65,200), Celo (-$31,400), and BNB Chain (-$11,300).[4]

Key facts

  • Solana's euro stablecoin market capitalization rose by $22.0 million over a seven-day period, according to Token Terminal.
  • Solana's one-week euro stablecoin gain exceeded the totals of every other chain on Token Terminal's list combined.
  • Arbitrum One grew its euro stablecoin market cap by $643,500 and Arc added $14,200 over the same week.
  • Seven tracked chains logged declines in euro stablecoins over the period, led by Polygon with a drop of $264,900.
  • Other networks showing declines included Algorand (-$227,500), Avalanche (-$155,800), XRP Ledger (-$80,700), Stellar (-$65,200), Celo (-$31,400), and BNB Chain (-$11,300).

Sources 路 4 sources

  1. CB

    Crypto BriefingArticle 路

    Solana adds $22M in euro stablecoins in one week, outpacing every other chain Solana's rapid euro stablecoin growth highlights its rising influence in the crypto market, potentially challenging Ethereum's dominance. The post Solana adds $22M in euro stablecoins in one week, outpacing every other chain appeared first on Crypto Briefing .

    Open source
  2. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚜馃嚭 LATEST: Solana just added $22M in euro stablecoins in a week, more than every other chain on Token Terminal's list combined. https://t.co/aYbdRpmL0R

    Open source
  3. TT

    Token Terminal 馃搳@tokenterminalPost on X 路

    Euro stablecoin market cap on Solana grew by $22.0M over the past 7 days Arbitrum One followed with a $643.5K increase, while Arc added $14.2K https://t.co/68T3cwh6ia

    Open source
  4. CP

    Crypto Patel@CryptoPatelPost on X 路

    馃嚜馃嚭 Solana Added $22M In Euro Stablecoins In Just ONE Week. More Than Every Other Chain On Token Terminal鈥檚 List Combined. 馃く https://t.co/bVlnZDBqJg

    Open source