Supply tied to the Solana network rose 143% in seven days, allowing USDG to overtake a rival token and retake the third-largest position by supply on the blockchain.
A post says the supply of a Solana-based token identified by the address solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH increased 143% over the past seven days, with $904 million in new supply added to the Solana network. According to the post, USDG moved past the token identified by solana:USD1ttGY1N17NEEHLmELoaybftRBUSErhqYiQzvEmuB to reclaim the third-largest spot on Solana by supply. In crypto markets, a sharp rise in token supply on a specific blockchain can indicate increased issuance, migration, or user demand for that asset on that network, though the post does not specify the reason for the increase.