Coin-Turk 11 minutes ago
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According to a research report published by CCData, a subsidiary of CoinDesk, the supply of stablecoins on the Solana 
$226 network surged by 112% in January, reaching $11.1 billion. This growth reflects an increase in liquidity on the network and the overall expansion of the cryptocurrency market.
Trump Memecoin’s Impact
The report indicates that this increase coincided with the launch of Donald Trump’s memecoin, $TRUMP ($21.80). Since its release on January 18, the stablecoin supply has risen by 73.6%. The entry of this memecoin has led to a significant influx of investment into the Solana network.
$TRUMP has generated record trading volumes on decentralized exchanges (DEX), contributing to Solana su…
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