Seeing some interesting data within the Solana Stablecoin economy post the 10/10 liquidation event. A quick 🧵
It starts with a MASSIVE spike in Solana stablecoin volume after 10/10.
This was 10x the peak volumes we saw during Trump's memecoin launch in January...
And then 16% of Solana's stablecoin supply vanished...
The vast majority of which came from USDC ($1.8b)
At the same time, we've seen growth from:
1. @solsticefi USX (added $132m)
2. @Paxos USDG (added $268m)
3. @PayPal PYUSD (added $573m)
1,552
4
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