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Solana’s real economic value, app revenue and dex volumes were all up On the order of 20–30% in May, but there was no speed in a remarkable figure: StableCoin supply.
Today, according to blockworks research, there are 15% less stabecoin on Solana than a month ago. dataStableCoins are often an important source of liquidity to do things such as swaping inside and out of the sole, although the stabechoin of Solan comes after a dip gray swan that was the Memcoin of Donald Trump.
Solan’s supply of stabechoin essentially doubled overnight when Donald Trump’s Memcoin was associated with USDC, meaning that investors essentially had to buy Trump with Circle’s Stabecrim. Interestingly, when Trump’s investors participated in the flock to exit, the supply of fresh stabechoin was not evaporated, and it was a fresh all-time high in April when the President Memcoin was away from its early high levels.
Therefore, given that context, some people in Solany dismiss the decline in stabecin.
“(Y) EA This chart looks much better than the Soul Price Chart Low,” Lulo co-founder JC Brunner said when I asked him about the stabelin supply dip.
According to Blockworks Research Analyst Carlos Gonzalez Campo, in any event, Stabelcoin Exodus is led by USDC, which saw a decrease of some $ 1.8 billion in May in May. Perena founder Anna Yuan estimated that a sudden decline in supply could be a topss-torvic macro environment to shorten the dollar.
The non-USDC stables actually increased last month, especially including the pyusd of the Payal, which saw that its supply is increasing by 48%.
The 70% of the USDC’s 70% of the market share on Pyusd Solan is one of the several new stabecrims. It has joined by USDG-a paxos-zari stable that pledges to share revenue with its network partners, including Robinhood and Crackon-and USX, an upcoming base-business token that includes its developer company. relaxed me “Solana’s Stabecrim.”
I have earlier estimated that Solana can see for adoption on non-USDC stabechoin, as a significant part of the circle’s revenue goes into the coinbase, which is probably formed to the main contestant of Solana. On an permitted network, however, disintegrating the use of the product that users want is very difficult.
Gonzalez Campo mentioned how alternative stabechoin development strategies have so far moved to open promotion for users, but paying for adoption is eventually unstable.
The analyst stated that he prefers to watch a B2B model, where the upstart stablecoins such as USDG share revenue with the Defi protocol to create vested interests in supply growth.
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