According to the research report published by CCDATA, a subsidiary of Coindesk, the stablecoin supply on the Solana network in January increased by 112 %to $ 11.1 billion. This increase shows the liquidity on the network and the growth in the general crypto currency market.
Trump Memecoin Effect
According to the report, this increase took place with the launch of Donald Trump’s Memecoin $ Trump. Stablecoin supply has increased by 73.6 %since $ Trump was released on January 18th. The introduction of Memecoin to the market provided significant investment flow to the Solana network.
Trade activities around $ Trump created a process volume at record levels in non -central stock exchanges (Dex). This situation exceeded Solana’s record in 2022 and Ethereum $3,239.5 and Tron contributed to the rise of the third largest network.
The study said that all Stablecoins have exceeded $ 200 billion and Trump has increased by $ 37 billion since the winning US elections in November. This growth points to the general rise in the crypto market.
The increase in the stablecoin supply caused a decrease in the market share of Tether’s USDT, the largest stablecoin. According to CCDATA data, the share of USDT in the sector decreased from 67.5 %to 64.9 %in January; This is the lowest level since May 2023.
Ripple’s USD and XRP value
One of the beneficiaries of this trend is Ripple 
$3.0It was the USD. According to the report, Ripple USD has become the fourth largest stablecoin in January in January. Ripple continues its legal struggle for years with the US Securities and Stock Exchange Commission (SEC).
Ripple’s “Trump Effect” helped the local Token XRP increased by 3,10 %this month to over $ 3,10. CEO Brad Garlinghouse said an increase in US -based agreements and employment.
Ripple’s struggle against SEC significantly affected the company’s strategies and market performance. While the value of XRP increases, Ripple also continues to look for new opportunities and growth in the US market.
These developments can be considered as an indicator of the increase in the stablecoin supply on the Solana network and the dynamic changes in the crypto currency market. The increasing supply of stablecoins provides more liquidity and diversity for market participants, but share losses in dominant stablecoins increase the competition in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
