Within 8 hours of USDS being launched on the Solana network, $57 million USDS has been bridged to Solana.

2024-11-20 01:14:56

Abstract generation in progress

PANews November 20th News, according to Pine Analytics, Sky Ecosystem’s stablecoin USDS officially went live on the Solana network today, and within 8 hours of its launch, 57 million USDS were transferred to the Solana network via the bridge. The initial surge in supply increased the total amount of USDS on the chain by about 5%. Currently, there are 299 USDS holders on Solana, with a rise rate of 12 to 79 people per hour. The distribution data of USDS shows that about 83% of Tokens are stored in Decentralized Finance protocol, including: • 27.3% in Kamino Finance • 24.3% in ORCA • 15.6% in Save Finance • 15% in Drift Protocol • 17.6% stored in other Wallets. In addition, the USDS exchange volume on Solana has reached 2.2 million US dollars, involving 175 Wallets. It is worth noting that although Meteora AG accounts for a relatively small percentage of the total locked position (TVL) in USDS, it has contributed the majority of the exchange activity.

SOL-3%

PINE0.05%

DEFI-3.02%

KMNO0.03%

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