RT vibhu (@vibhu)February on @Solana (WARNING: ANOTHER BANGER):- Led all networks in REV with $26m, but apps earned $87 million (healthy!)- Just under 2 billion transactions, which is 2x all other chains combined- ATH stocks and commodities volume (up 50% m/m!)- $250m HYPE volume (foreign assets starting to show real volume, up to 4% of onchain trading)- 42 million active wallets- $100 billion DEX volume- $1T in stablecoin transfers (30x Polygon fwiw - not intended as a dunk)- 1.5m tokens launched, 100 > $1 ...

Stablecoin Transfer Volume - Weekly RLUSD transfer volume on Ethereum averages around $1 billion, a significant increase from $66 million at the start of the year [1] - The increase represents a roughly 1415% increase in weekly transfer volume since the beginning of the year [1] Usage Patterns - A rising baseline in transfer volume typically indicates a shift towards regular, recurring usage rather than just distribution-phase activity [2] - The clustering of transfer volumes around an elevated floor suggests sustained activity beyond isolated events [2] - The data suggests increasing utilization of Ripple's RLUSD, indicating it is being used in ongoing flows rather than remaining idle after minting [3]

Group 1 - Bitwise's Staking Solana (BSOL) ETF had a strong market debut, attracting approximately $417 million in its first week, making it one of the top 20 ETFs by net inflows across all asset classes [1][2] - BSOL's inflows were nearly ten times larger than the NEOS Bitcoin High Income ETF, which brought in $56.17 million, indicating significant investor interest in Solana compared to other crypto ETFs [2] - The early success of BSOL suggests institutional investors are diversifying their exposure beyond Bitcoin and Ethereum, indicating pent-up demand for altcoin-focused ETFs [3] Group 2 - Despite the record inflows into BSOL, the price of Solana (SOL) fell by more than 3% over the past week, currently trading at $186.92, suggesting that inflows may have come from asset rotations rather than new capital [4] - Bitwise's Chief Investment Officer, Matt Hougan, remains optimistic about Solana's future, emphasizing its role in stablecoin transfers and tokenized assets, supported by its high-speed infrastructure and active developer community [5]