THE GROWING STABLECOIN SUPPLY ON #SOLANA

Lately, the USDC supply has achieved $2.5B and the number is $1.14B with USDT. The steady growth showed that the big money flow is ready to come into projects on Solana as well as the TVL.

#SolanaSummer #Solanaszn Image
THE GROWING STABLECOIN SUPPLY ON #SOLANA

As can be seen from the table, we calculated the growth in terms of percentage between times to times each minting event of a stable coin. The statistics show a growth rate of 138% with USDT and 120% with USDC.

#SolanaSummer #Solanaszn
THE GROWING STABLECOIN SUPPLY ON #SOLANA

With all that projection, we expected that with a steady growth rate currently, the USDT supply would be able to balance the USDC supply after a 5 minting event of both stable coins. Let the time answer this.

#SolanaSummer #Solanaszn

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More from @solana_daily

24 Sep
STABLECOIN MAP TO #SOLANA

Lately, @Saber_HQ and @Allbridge_io have together connected @solana to many other blockchains for the flow of the stable coin. Until now, numerous stable coin appeared on Solana, mostly through the pool on Saber

#SolanaSummer #Solanaszn Image
@Saber_HQ @Allbridge_io @solana STABLECOIN MAP TO #SOLANA

The available stable coin on @solana are USDT, USDC, and PAI of @gopartyparrot.

#SolanaSummer #Solanaszn
@Saber_HQ @Allbridge_io @solana @gopartyparrot STABLECOIN MAP TO #SOLANA

With @Allbridge_io, Solana is welcoming BUSD from BSC @BinanceChain , cUSD from CELO @CeloOrg, apUSDC, apUSDT & MAI from Polygon @0xPolygon

#SolanaSummer #Solanaszn
Read 4 tweets
23 Sep
TVL RATIO OF PROJECTS IN #SOLANA ECOSYSTEM

The TVL ratio in the formula is defined as Total Market Cap / TVL. In most cases, it helps determine whether a project is undervalued or overvalued.

#SolanaSummer #Solanaszn Image
TVL RATIO OF PROJECTS IN #SOLANA ECOSYSTEM

The top 5 TVL projects, their ratio and their mkt cap are
@Saber_HQ 0.02251 $69M
@RaydiumProtocol 0.49299 $756M
@SunnyAggregator 0.00916 $12M
@Solfarmio 0.03502 $25M
@ProjectSerum 0.67129 $417M

#SolanaSummer #Solanaszn
@Saber_HQ @RaydiumProtocol @SunnyAggregator @Solfarmio @ProjectSerum TVL RATIO OF PROJECTS IN #SOLANA ECOSYSTEM

As can be seen from the data, both @RaydiumProtocol and @ProjectSerum are now achieving a relatively fair value. With both TVL ratios nearly 0.5, they still have room to grow but not so fast.

#SolanaSummer #Solanaszn
Read 8 tweets

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