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Half a year ago doing DeFi on Solana—what stablecoins could you choose?
USDC, or USDT
That’s all.
The data for 7/20 is out: Solana’s total stablecoin market cap has surpassed $15 billion.
But what really made me stop isn’t that total.
It’s the portion that isn’t USDC/USDT—$4.81B, a new all-time high.
The landscape has split.
——
Who’s eating this incremental share? USD1.
On Solana, the supply is $1.02B, accounting for 21% of its global total supply.
Along with USDG, the two together account for nearly half of the non USDC/USDT segment.
At the $100-million-scale, on-chain presence isn’t a number generated by airdrops—it’s users voting with their feet.
The first hard data showing multi-chain expansion has run through.
Data is based on live, on-chain information; everything above is purely my personal observation.
#USD1 #DeFi #wlfi