KEYTAKEAWAYS
- Stablecoins on Solana Chain Grow by 67.47%
- TRUMP and Other MEME Coins See Widespread Price Declines
- Ethereum NFT Holders Reach 7.16M
CONTENT
Welcome to CoinRank Daily Data Report. Stablecoins on Solana Chain Grow by 67.47%. TRUMP and Other MEME Coins See Widespread Price Declines. Ethereum NFT Holders Reach 7.16M.
STABLECOINS ON SOLANA CHAIN GROW BY 67.47%
According to DefiLlama data, stablecoins on the Solana chain have reached $9.892B, growing by 67.47% in the past 7 days. The total stablecoin market cap is $209.907B, with Solana chain stablecoins accounting for 4.71%. Stablecoins on Ethereum have a market cap of $113.088B, while TRON chain stablecoins are at $59.785B. Additionally, stablecoins on Hyperliquid chain grew by 19.25%.
Source: DefiLlama
Analysis:
The surge in Solana chain stablecoins demonstrates increased network activity and user demand. Particularly after President Trump and his wife launched TRUMP and MELANIA tokens, the Solana ecosystem saw heightened interaction, leading to a surge in USDT demand on the Solana chain.
The growth in on-chain stablecoin market cap reflects Solana’s strong momentum in the decentralized finance (DeFi) sector. However, despite significant growth, Solana’s stablecoin share remains considerably lower than Ethereum and TRON, and expanding market share further remains a challenge.
TRUMP AND OTHER MEME COINS SEE WIDESPREAD PRICE DECLINES
As of January 21st, mainstream MEME tokens have declined by over 6%. The recently popular TRUMP token is priced at $41.2, dropping 28.31% in a day; DOGE is priced at $0.3445, down 9.61%; SHIB is trading at $0.300002009, falling 6.96%; Another popular token PEPE has also declined by 11.92%; Official Melania Meme has dropped significantly by 51%.
Source: CoinMarketCap
Analysis:
Trump’s inauguration speech yesterday did not mention cryptocurrencies, which is considered the main reason for the overall MEME coin slump, particularly the sharp 28.31% drop in the TRUMP token. This reflects the high volatility of MEME coins and the sensitivity of investor sentiment. Although these tokens previously surged due to social media hype, their lack of practical applications and fundamental support makes their prices highly susceptible to market sentiment fluctuations.
ETHEREUM NFT HOLDERS REACH 7.16M
According to NFTGO data, Ethereum NFT holders have reached 7.16M, with an NFT MarketCap of $8.11B, and daily NFT trading volume of $21.44M. Azuki Elementals’ daily trading volume is 537.49 ETH, equivalent to $1,828,479. BEANZ Official’s daily trading volume is 174.62 ETH, equivalent to $523,587. Azuki’s daily trading volume is 2000 ETH, equivalent to $6,644,508.
Source: NFTGO
Analysis:
The number of Ethereum NFT holders surpassing 7.16M demonstrates continued growth in the NFT market’s user base. With daily NFT trading volume on Ethereum reaching $21.44M and strong performance from popular projects like Azuki and BEANZ, market activity appears to be increasing. However, despite the total NFT market cap of $8.11B, market volatility remains significant. Investors should maintain a rational perspective on NFT potential and risks, avoid blindly following trends, and focus on projects’ long-term development value.
▶ Buy Crypto at Bitget
CoinRank x Bitget – Sign up & Trade to get $20!
