Solana Overtakes Ethereum in Staking, Hits $12.73B Stablecoin Cap and $135 Price

Solana (SOL) has experienced significant growth, with its price surging 40% this month to $135. The network has outperformed Ethereum in several key metrics, including 29 million active addresses, 374 million transactions, $16 billion in decentralized exchange (DEX) volume, and $7.6 million in fees. Solana’s stablecoin market capitalization reached a new all-time high of $12.73 billion. The network has also surpassed Ethereum in staking market capitalization, with $56.7 billion staked and approximately 65% of all SOL tokens staked on-chain, compared to Ethereum’s $56.2 billion and 29% staked. Another data point notes $54 billion staked SOL, with about two-thirds of all SOL staked. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant