Analysis: The supply of stablecoins on Solana has increased by 156% year-on-year, and Solana's TVL has increased tenfold year-on-year

Strategy analyst Tom Wan from 21.co posted on X, stating that based on Dune data, as of August 9th, the supply of stablecoins on the Solana chain has increased by 156% year-on-year, currently at $3.75 billion. The following factors contribute to this:

1. Increased DeFi opportunities; Solana network's TVL has grown tenfold year-on-year. With more innovative protocols like Sanctum, Jito and Kamino launching tokens, Solana has attracted more capital deployment;

2. Kamino Finance PYUSD market value grew to $300 million within three months;

3. Yielding stablecoins launched by Ondo Finance and Ethena Labs on Solana can unlock more potential and opportunities for users.