Data: The supply of Solana stablecoins has increased by 110% since the beginning of the year, with approximately 80% consisting of USDC

ChainCatcher news, according to The Block, based on data from DeFiLlama, the supply of stablecoins on Solana has exceeded $10 billion.

Since the beginning of January, the value of stablecoins on the Solana network has surged nearly 110%, rising from $5.1 billion to $10.8 billion. In comparison, Ethereum currently holds $115 billion in stablecoins, BNB Chain holds $7 billion, Base holds $3.8 billion, and Arbitrum holds $3.1 billion.

According to The Block's data dashboard, nearly 80% (about $8 billion) of Solana's stablecoin supply is made up of USDC, which has nearly doubled since the beginning of this month, increasing from $4.2 billion to $8.2 billion. Tether's USDT accounts for $1.96 billion of the stablecoins on the network.