Solana Surpasses Binance Smart Chain as TRUMP Token Boosts Stablecoin Supply by 73%

According to COINOTAG News on January 31, the recent launch of the TRUMP token on January 18 has significantly increased on-chain activity within the cryptocurrency ecosystem. This surge has correlated with a remarkable 73% increase in the availability of stablecoins on the Solana blockchain, which has now reached a robust total of $11 billion. Such a notable rise in stablecoin supply indicates a growing confidence among investors in the Solana network, which has now overtaken the Binance Smart Chain (BNB), solidifying its position as the third-largest blockchain in terms of stablecoin liquidity. This shift reflects evolving trends in the crypto market, positioning Solana as a formidable player among blockchain networks.