1/ USDC on @solana has rocketed to our 2nd most popular stablecoin payment method in only three months, overcoming the multi-year network effects of ETH and Polygon based stables. The tailwinds for it have been fast and cheap payments, memes, and the price increase of SOL itself... Thread🧵👇
2/ This rise falls in line with other recent Solana metrics showcasing the large increase of activity on the network @0xMert_ 📈https://x.com/0xMert_/status/1...
3/ We’ve received USDC on Solana payments from over 120 countries thus far, with France and India being somewhat overrepresented against our normal country distribution for other payment methods:
4/ USDC on Solana average payment size sits right in the middle of the field of our stablecoins offered:
5/ What is the community’s take on this rise? 🚀🤔 Do you agree with our reasons for its recent growth? What other factors might we be missing? What is some great research or analysis out there that we haven’t seen yet? Let us know below!