Liquidity is critical for the efficient operation of various DeFi applications and decentralized exchanges built on Solana.With more USDC readily available, these platforms will be able to function more smoothly, facilitating transactions and fostering an improved environment and ecosystem for users.
Users can quickly convert their USDC into memecoins, participating in the current trend without needing to convert their holdings from other cryptocurrencies.Coming to the state of the network, it was seen that the daily number of active addresses on the Solana network had declined, however, the number of transactions occurring on the network had soared.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assessing the Solana ecosystem and how Jito will help it growJito accrued substantial daily fees, outpacing the majority of DeFi protocols by a significant margin. Will SOL benefit?
Source: CryptoAmb - 🏆 22. / 68 Read more »
Assessing whether Solana can reach $200 before May endsSolana's highly volatile market could steer bullish pressure to the resistance zone or a retest to the demand zone.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Solana ETF hype: Checking the impact on Solana’s memecoinsThe current Solana memecoin frenzy and increasing investor sentiment for Solana suggest a positive impact on Solana-based memecoins.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Can Solana reignite ‘Solana Summer’ amid price stagnation?Solana [SOL] has been the cryptocurrency market’s best performer in the past year.
Source: CryptoAmb - 🏆 22. / 68 Read more »
What rising USDT, USDC wallets tell you about the marketThe stablecoin non-zero wallets and the rising supply spelled a potentially strong bullish run around the corner, with a possible July dip.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Checking Ethereum’s reaction to Circle’s $60M USDC burnCircle, the issuer of the USDC stablecoin, has permanently removed $60 million worth of USDC from circulation on the Ethereum network.
Source: CryptoAmb - 🏆 22. / 68 Read more »