Citing BeInCrypto, Solana recently celebrated its fifth anniversary, marking the occasion with notable USDT volatility on its transport layer. A study by Web3 payments platform Mercuryo revealed that Solana's USDT trading activity has experienced unprecedented fluctuations, attributed to the growing interest in meme coins and other factors. The network's daily USDT trade volumes have seen dramatic changes, with increases up to 137% and drops in the 60%-70% range. This volatility highlights Solana's appeal among crypto traders, as it has processed over 408 billion transactions and nearly $1 trillion in value on decentralized exchanges over the past five years. Despite the chaotic capital inflow, Solana continues to grow and attract significant trading interest.
Solana's 5th Birthday Marks Extreme USDT Volatility on Chain
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