According to Lookonchain, in the past 7 days up to 26/5(, the amount of stablecoins USDT and USDC on the Tron network has risen to the sky by 913 million USD, while Solana witnessed an outflow of 267 million USD, following an outflow of 1.38 billion USD the previous week.
The flow of capital into Tron reflects the growing role of this blockchain as a stablecoin payment layer, thanks to low fees and high transaction speeds, with over 2 billion transactions per year. Meanwhile, Solana faces declining DeFi yields and bridge incidents.
Tron currently processes more than 10 trillion USD in stablecoins each year, surpassing Visa in some months. The capital outflow from Solana is also seen by some traders as a signal to short SOL/USDT.
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