• Solana leverages its velocity and low charges to dominate stablecoin transfers with $10.5 trillion.
• Ethereum and Tron safe the highest spot, demonstrating the power of DeFi and effectivity.
• Rising chains like Base and Arbitrum spotlight the rising Layer 2 adoption development.

Stablecoins play a significant position within the cryptocurrency ecosystem, enabling seamless transactions and facilitating liquidity throughout blockchains. CryptoRank information reveals that Solana, Ethereum, and Tron led the stablecoin market in 2024, recording excessive switch volumes. These networks exhibited distinctive strengths and adoption patterns, reflecting their rising affect within the cryptocurrency house.

Solana dominates stablecoin transfers

Solana topped the listing with $10.5 trillion in stablecoin transfers, solidifying its place because the main blockchain.

However, Solana value decreased by 0.97% previously 24 hours to $189.76. Reflecting sustained investor curiosity, 24-hour buying and selling quantity reached $3.26 billion. The chain's excessive throughput and low transaction prices proceed to draw customers and drive its huge switch quantity.

Ethereum and Tron safe 2nd and third place

Ethereum ranked second with $7.8 trillion in stablecoin transfers, highlighting Ethereum’s position in DeFi and institutional adoption. Nevertheless, Ethereum value fell by 1.90% to $3,349.19, with buying and selling quantity of $25.1 billion.

Tron adopted swimsuit, transferring $5.4 trillion in stablecoins. Tron's concentrate on effectivity contributed to its robust efficiency, however its value fell 1.98% to $0.2525 on buying and selling quantity of $870.5 million.

Rising chains and layer 2 options

Base has emerged as a probable candidate for $2.3 trillion in stablecoin transfers. Regardless of the market exercise, the Base token noticed a major decline of three.91%, buying and selling at $0.000009. In the meantime, Binance Sensible Chain (BNB Chain) recorded $899 billion in remittances. Its native token BNB bucked this development, rising 0.84% ​​to $701.30 with buying and selling quantity of $1.76 billion.

Please additionally learn: Binance Stablecoin Reserves Bounce to $31 Billion, Selling Cryptocurrency Liquidity

With switch volumes of $704 billion and $255 billion, respectively, Arbitrum and Polygon demonstrated their significance within the layer 2 house. Arbitrum's value fell by 5.47% to $0.721, whereas Polygon's value fell by 3.57% to $0.4556.

Avalanche, Optimism, and Toncoin spherical out the highest 10.

The Avalanche secured eighth place with a switch charge of $246 billion, however the value fell 3.71% to $35.24. Optimism adopted at $228 billion, down 6.60% to $1.78. Toncoin entered the listing with $38.7 billion in transfers, and its value fell by 1.83% to $5.51.