tl;dr
The market for USDC, the second-largest stablecoin by market capitalization, is experiencing a significant resurgence, with its CEX volume market share more than doubling since January 2022. This growth has been driven by the increasing adoption of Solana, a high-performance blockchain network, and ...
The market for USDC, the second-largest stablecoin by market capitalization, is experiencing a significant resurgence, with its CEX volume market share more than doubling since January 2022. This growth has been driven by the increasing adoption of Solana, a high-performance blockchain network, and has seen USDC transaction volume surpass USDT’s on Tron. The heightened activity has seen USDC flip USDT as trading volume is up more than 11X in the past three months alone.
The crypto market is witnessing a remarkable resurgence of USDC, the second-largest stablecoin by market capitalization. According to Kaiko market data, USDC’s CEX volume market share has more than doubled since January 2022. This development is noteworthy considering the depressed USDC activity in the first half of 2023 following the continuation of the crypto bear market. The recovery has been fueled by the increasing adoption of Solana, a high-performance blockchain network.
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