Solana Stablecoin Supply Hits Record High at $17.51 Billion
Original headline솔라나 스테이블코인 175억1000만달러, 사상 최고치
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Solana's stablecoin market capitalization reached an all-time high of $17.51 billion, the network announced on X, while third-quarter decentralized exchange (DEX) spot volume hit roughly $197 billion. Blockworks' Q3 report, published October 15, tallied Solana DEX spot volume at $197.2 billion, with ecosystem app revenue approaching $300 million for the quarter, up 50% from Q2. The figures underscore Solana's growing role as a hub for stablecoin liquidity and on-chain trading activity. Note that the stablecoin metric measures tokens circulating on the Solana network, not the market cap of the SOL token itself. Watch for whether stablecoin supply and DEX volumes sustain these record levels in Q4.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Solana (SOL), Blockworks
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