The market has been quite cold recently, and I haven't been active much, but when looking at the data, I've noticed that Solana's #USD1 has seen significant growth over the past two months.
Two months ago it was $160 million, and now it's $855 million. It has increased more than five times.
Moreover, the daily trading volume has stabilized at around $200-300 million, indicating that this money isn't just sitting idle in accounts; it's genuinely circulating within the ecosystem. The issue with stablecoins is that the worst-case scenario is having an inflated issuance without actual usage, but the trading volume of USD1 at least proves that it's alive.
I think one thing they did right is deeply integrating with existing projects on Solana like Raydium, Kamino, and BonkFun. Once stablecoins enter lending, trading, and liquidity pool scenarios, their role changes; they become essential infrastructure that everyone in the ecosystem needs.
In the current market, most people are actually hesitant to act recklessly. Retail investors are afraid to chase, altcoins are too risky to hold, and contracts are even more daunting to touch. What everyone truly needs is a reliable place to keep their money, ensuring it doesn't mysteriously shrink. In my view, the recent increase in USD1 isn't driven by speculation; rather, it’s capital seeking a safe place to stay.
I myself have kept some as well, combining it with some wealth management, without needing to watch the market daily. The returns aren't high but are stable. In a bear market, not losing is gaining; being able to sleep soundly is better than anything else.
$WLFI #WLFI
Two months ago it was $160 million, and now it's $855 million. It has increased more than five times.
Moreover, the daily trading volume has stabilized at around $200-300 million, indicating that this money isn't just sitting idle in accounts; it's genuinely circulating within the ecosystem. The issue with stablecoins is that the worst-case scenario is having an inflated issuance without actual usage, but the trading volume of USD1 at least proves that it's alive.
I think one thing they did right is deeply integrating with existing projects on Solana like Raydium, Kamino, and BonkFun. Once stablecoins enter lending, trading, and liquidity pool scenarios, their role changes; they become essential infrastructure that everyone in the ecosystem needs.
In the current market, most people are actually hesitant to act recklessly. Retail investors are afraid to chase, altcoins are too risky to hold, and contracts are even more daunting to touch. What everyone truly needs is a reliable place to keep their money, ensuring it doesn't mysteriously shrink. In my view, the recent increase in USD1 isn't driven by speculation; rather, it’s capital seeking a safe place to stay.
I myself have kept some as well, combining it with some wealth management, without needing to watch the market daily. The returns aren't high but are stable. In a bear market, not losing is gaining; being able to sleep soundly is better than anything else.
$WLFI #WLFI