Solana Stablecoin Supply Falls to $15.65 Billion From September Record

Solana's stablecoin supply stood at $15.653 billion on Oct. 25, below the record $17.51 billion reached in September . The later reading puts the network's supply below that earlier high. An Oct. 25 snapshot also listed $5.736 billion in decentralized finance (DeFi) total value locked, $477,322 in chain fees over 24 hours and $12.47 billion in decentralized exchange (DEX) volume over seven days. DEX volume was down 4.6% from the prior week. The weekly stablecoin-holder series counts addresses holding stablecoins, not verified individuals, and does not measure how often they transact.

Source: TokenPost