KEYTAKEAWAYS
- Solana Validators Earn Millions as TRUMP and MELANIA Token Trading Surges
- Stablecoins Hit $210 Billion Market Cap: Growth Fueled by Global Demand
- 12 U.S. States Advocate for Strategic Bitcoin Reserves Amid Crypto Push
CONTENT
SOLANA VALIDATORS EARN OVER $25 MILLION IN FEES FROM TRUMP AND MELANIA TOKENS
Recently, trading activity involving TRUMP and MELANIA tokens on the Solana blockchain has surged, resulting in validators earning over 100,000 SOL (approximately $25.8 million) in fees and tips in a short time.
On January 20 alone, validators generated over 87,000 SOL in revenue, temporarily boosting the annualized passive income yield for stakers to 7.14% while reducing the inflation rate to below 5%.
Analysis:
- The active trading of TRUMP and MELANIA tokens has brought significant revenue to Solana validators, highlighting the network’s economic potential in handling high transaction volumes.
- The uptick in trading activity has enhanced the annualized yield for stakers, increasing the network’s attractiveness to participants.
- The inflation rate dropping below 5% could help stabilize SOL’s value and bolster investor confidence.
However, it’s worth noting that TRUMP and MELANIA tokens, as meme tokens, exhibit high price volatility. Currently, TRUMP and MELANIA tokens have fallen by 4.66% and 9.65% in the past 24 hours, respectively. Investors should approach such volatile assets with caution.
TOTAL MARKET VALUE OF STABLECOINS SURPASSES $210 BILLION
According to DefiLlama, the total market value of stablecoins has exceeded $212.995 billion, reaching an all-time high. Over the past week, the market value of stablecoins increased by 3.02%, with USDT (Tether) accounting for 65.18% of the market share.
Analysis:
The growth in stablecoin market value is primarily driven by the following factors:
- In regions facing economic instability or severe inflation, residents tend to use stablecoins pegged to the US dollar to protect their assets.
- Stablecoins provide low-cost, fast cross-border transfer solutions, particularly catering to remittance needs in emerging markets.
- The rise of decentralized finance (DeFi) platforms has expanded the use cases for stablecoins, increasing demand.
- As institutional interest in crypto assets grows, stablecoins serve as a gateway to the crypto market, driving further demand.
These factors collectively contribute to the continuous rise in the total market value of stablecoins.
12 U.S. STATES PUSH STRATEGIC BITCOIN RESERVE BILLS
According to Cointelegraph, 12 U.S. states, including Florida, Alabama, New Hampshire, Pennsylvania, Ohio, North Dakota, Oklahoma, Texas, Wyoming, Massachusetts, Utah, and Arizona, are actively advancing strategic Bitcoin reserve bills. These bills aim to include Bitcoin in state-level strategic reserves to protect citizens’ wealth and promote broader adoption of digital assets.
Analysis:
The push for Bitcoin reserves reflects these states’ recognition of Bitcoin’s potential as a reserve asset. Some states believe Bitcoin’s long-term appreciation could help alleviate debt pressures and boost economic growth. For instance, studies suggest that holding Bitcoin as a reserve asset with sustained growth rates could significantly reduce U.S. national debt.
However, critics argue this approach carries high volatility risks and question whether it is a strategy to appease specific interest groups. Overall, this trend may further drive Bitcoin’s mainstream adoption, particularly at the institutional level.
Also Read：
CoinRank Crypto Digest: January 20, 2025
CoinRank Crypto Digest: January 21, 2025
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