By the numbers: Tether’s USDT and Circle’s USDC stablecoins have produced $93 million and $28 million in revenue, respectively, in the last seven days, according to DefiLlama data, while the Ethereum, Tron and Solana networks saw $19 million, $11 million and $9.6 million. Solana-based protocols and trading bots, meanwhile, are right behind. Trading bot platform Photon and memecoin powerhouse pump.fun have both generated over $6 million in the last seven days, exceeding Ethereum-based decentralized finance, or DeFi, heavyweights such as Maker, Lido or Aave in terms of revenue.
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Tom Carreras
https://www.coindesk.com/business/2024/11/09/the-unique-way-the-solana-trading-ecosystem-is-making-bank/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-11-09 13:00:00
