Part 8/14:
Solana (SOL) is experiencing record-breaking decentralized exchange (DEX) volume exceeding $50 billion, a new monthly high and a 126% increase from last month, highlighting its increasing dominance in DeFi applications.
Stablecoins are proliferating, with USDC adopting innovative CCTP (Cross-Chain Transfer Protocol) technology, enabling secure USDC transfers across several blockchains, notably Solana. The total stablecoin market has surged from $42 billion in October 2023 to over $900 billion in March 2024, underscoring a massive shift in liquidity and adoption.