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The supply of Solana’s stablecoins rose by 121%, reaching a record of $10.4B. Ethereum Co-founder Vitalik Buterin unveiled a new scaling roadmap. Uniswap released its v4 upgrade.
This week’s DeFi indices showed negative movements, with the market capitalisation, volume, and volatility indices declining -12.27%, -25.39%, and -10.90%, respectively.
According to Dune, the supply of Solana’s stablecoins hit an all-time high of US$10.35 billion at the time of writing, marking a sharp growth of 121% from its supply of $4.69 billion on 1 January.
This rise aligns with broader trends in stablecoin usage within the network’s DeFi protocols and coincides with increased trading volume of the popular meme coins like TRUMP and MELANIA.
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