Solana Leads Adjusted Stablecoin Volume With 36% Share in February

According to Allium Labs, Solana ranked first among blockchains after excluding wash trading and centralized exchange internal flows, ahead of Ethereum, Tron, and Base.

Summary

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Terms & Concepts
  • Stablecoin volume: The amount of transactions involving stablecoins, which are cryptocurrencies designed to track stable assets such as the U.S. dollar.
  • Wash trading: A form of market manipulation in which the same party repeatedly buys and sells to create misleading activity.
  • CEX internal flows: Transfers within a centralized exchange (crypto trading platform run by a company) that may not reflect organic onchain user demand.