在一系列新鑄幣之後，USDC 成為 Solana (SOL) 上成長最快的資產

在過去一周一系列新的 USDC 鑄幣之後，Solana (SOL) 的穩定幣流動性水平更高。

Solana (SOL) is seeing a higher level of stablecoin liquidity after a series of new USDC mints in the past week. In the last 24 hours, Solana added another 1 billion new tokens, while the mints have reached 2.5 billion new tokens in a matter of weeks.

在過去一周推出一系列新的 USDC 鑄幣之後，Solana (SOL) 的穩定幣流動性水平更高。在過去 24 小時內，Solana 又增加了 10 億個新代幣，而造幣廠在幾週內增加了 25 億個新代幣。

USDC’s growth started at the end of 2024 in response to tougher regulatory conditions for Tether (USDT) in the Euro Area. The specific mints on Solana follow a pattern of decentralized activity and demand for concentrated liquidity.

USDC 的成長始於 2024 年底，以應對歐元區 Tether (USDT) 更嚴格的監管條件。 Solana 上的特定鑄幣廠遵循去中心化活動和集中流動需求的模式。

Some of the recently minted USDC was transferred to Coinbase, which also became a hotspot for SOL and meme token trading.

最近鑄造的部分 USDC 被轉移到 Coinbase，這也成為 SOL 和 meme 代幣交易的熱點。

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨

800,000,000 #USDC (799,998,000 USD) transferred from USDC Treasury to #Coinbase

800,000,000 #USDC（799,998,000 美元）從 USDC Treasury 轉移到#Coinbase

https://t.co/P83POIAsku

— Whale Alert (@whale_alert) January 21, 2025

— 鯨魚警報 (@whale_alert) 2025 年 1 月 21 日

USDC was spreading gradually to Solana, in a long-running trend that boosted stablecoin liquidity above $10 billion. The growth of new stablecoin inflows went vertical in the past week, adding to Solana’s total value locked. Currently, the chain carries peak liquidity, breaking the record from 2021. Most of the renewed decentralized finance (DeFi) activity on Solana was on decentralized exchanges (DEXes), with some of the stablecoins flowing into DeFi protocols.

USDC 逐漸向 Solana 蔓延，這一長期趨勢將穩定幣的流動性提升至 100 億美元以上。過去一周，新的穩定幣流入量呈垂直增長，增加了 Solana 的鎖定總價值。目前，該鏈的流動性達到峰值，打破了2021 年以來的記錄。 DeFi 協定。

The expansion of USDC comes at a time when stablecoins are constantly setting new records. The total supply of all asset-backed and synthetic tokens is over 209 billion, with targeted liquidity on some exchanges and pairs.

USDC 的擴張正值穩定幣不斷創下新紀錄之際。所有資產支持代幣和合成代幣的總供應量超過 2,090 億枚，在一些交易所和貨幣對上具有針對性的流動性。

However, not all Solana users had a positive experience with the increased liquidity. USDC may be intuitive and transparent, but Solana congestion and failed transactions make the asset unusable. Users complained of delayed transactions and a long waiting time, which meant they missed some of the rallies of the newly launched meme tokens.

然而，並非所有 Solana 使用者都對流動性的增加有正面的體驗。 USDC 可能直觀且透明，但 Solana 擁塞和交易失敗導致資產無法使用。用戶抱怨交易延遲和等待時間過長，這意味著他們錯過了新推出的 meme 代幣的一些反彈。

The other criticism is that USDC is used to extract value from Solana, with the tokens and memes abandoned on the network after their peak.

另一個批評是 USDC 被用來從 Solana 中獲取價值，而代幣和表情包在高峰期後就被遺棄在網路上。

USDC becomes the fastest-growing asset

USDC 成為成長最快的資產

USDC expanded its supply to over 51 billion tokens after months of being stuck near the 30 billion range. In the past 30 days, it added a net of 959.4 million tokens, shifting the balance of flows. For now, it has a slower daily turnover, with volumes of $17 billion, a fraction of the Circle-issued stablecoin’s total supply.

在數月陷入 300 億枚範圍附近之後，USDC 將其供應量擴大至超過 510 億枚。在過去 30 天裡，它淨增加了 9.594 億個代幣，改變了流量平衡。目前，它的每日交易量較慢，交易量為 170 億美元，僅佔 Circle 發行的穩定幣總供應量的一小部分。

Notably, while USDC was burned on other networks, it had a long series of non-stop mints on Solana. The mints were for equal tranches of 250 million tokens, suggesting either aggregated demand or institutional clients. The stablecoin is considered a fully asset-backed token, in which the new mints only follow fiat deposits.

值得注意的是，雖然 USDC 在其他網路上被銷毀，但它在 Solana 上卻有一系列不間斷的鑄幣。這些鑄幣廠均等量發行 2.5 億枚代幣，這表明要么是總體需求，要么是機構客戶。穩定幣被認為是一種完全由資產支持的代幣，其中新鑄幣僅遵循法定存款。

The large-scale inflow of funds on Solana points to professional or institutional investors, who are preparing for more active trading. USDC is seen as a more suitable tool to retain gains from trading, increasing the possibility for stablecoin pairs. It also trades at a slight premium on Solana, despite the active printing.

Solana 上的資金大規模流入表明專業或機構投資者正在為更活躍的交易做準備。 USDC 被視為更適合保留交易收益的工具，增加了穩定幣對的可能性。儘管印刷活躍，但它的交易價格也比 Solana 略有溢價。

Most Solana trades and stablecoin usage are still microtransactions. However, USDC is held by large-scale whales and concentrates on some of the centralized exchanges and highly liquid DEXes.

大多數 Solana 交易和穩定幣使用仍然是微交易。而USDC則由大規模鯨魚持有，且集中在一些中心化交易所和流動性較高的DEX上。

The inflow of USDC followed the growth of value locked on Kamino, adding new assets for lending during a period of active DEX trades.

USDC 的流入跟隨 Kamino 鎖定價值的成長，在 DEX 交易活躍期間增加了新的借貸資產。

USDC flows in ahead of Solana ETF decision

USDC 在 Solana ETF 決定之前流入

The minting activity accelerated ahead of the two deadlines for Solana’s latest ETF filings. As of January 23, a decision may come for the Grayscale ETF proposal. Two days later, a decision will be made for the funds proposed by VanEck, 21Shares, Bitwise, and Canary.

在 Solana 最新 ETF 申請的兩個截止日期之前，鑄幣活動加速。截至 1 月 23 日，灰階 ETF 提案可能會做出決定。兩天后，將對 VanEck、21Shares、Bitwise 和 Canary 提議的基金做出決定。

The inflow of stablecoins may boost the underlying Layer 1 (L1) asset. SOL has been considered undervalued, based on its on-chain economic activity and recent peak usage.

穩定幣的流入可能會提振底層 1 (L1) 資產。基於 SOL 的鏈上經濟活動和最近的高峰使用量，SOL 被認為被低估。

Bitwise remains the most bullish potential ETF issuer, envisioning prices of over $6,000 in the coming years. SOL is expected to take up a trajectory similar to ETH, as it displaced the Ethereum chain as the leading venue for new token launches.

Bitwise 仍然是最看好的潛在 ETF 發行人，預計未來幾年價格將超過 6,000 美元。 SOL 預計將採取與 ETH 類似的發展軌跡，因為它​​取代了以太坊鏈，成為新代幣發行的主要場所。

After the inflow of USDC, SOL recovered to $253.12, though still far from the recently predicted rally to $300.

USDC 流入後，SOL 恢復至 253.12 美元，但距離近期預測的 300 美元漲幅仍相去甚遠。