An industry meme: six armored cash trucks are busy pulling into the station, while staff stamp paperwork until their hands ache. A user peeks in and asks, “The money’s here—who’s going to use it?” The issuance may be making a splash, but its actual use is another question.
Binance spot, rolling 24-hour change: $SOL -4.38%; Binance spot, rolling 24-hour change: $JUP -7.18%; Binance spot, rolling 24-hour change: $RAY -7.76%. These are the price changes of three separate tokens. They are not scores of ecosystem usage, nor do they show that the tokens fell for the same reasons.
According to an October 22 report by BlockBeats, OnchainLens tracked Circle issuing $1.5 billion worth of USDC in six transactions over the past 24 hours, with each transaction worth $250 million. This is news of an issuance on Solana. It does not mean the funds have already entered trading, nor does it directly prove user growth or improved retention.
What I really want to know is where this batch of USDC went afterward: it may have gone into trading, or it may simply be sitting on-chain for now. The current report doesn’t explain how it’s actually being used. More liquidity may make trading easier, but easier trading doesn’t mean users will come back. Conversely, people may be using it regularly, but there’s currently no retention data to verify that. The money has arrived at the station; the next thing to watch is whether anyone keeps coming back.
Binance spot, rolling 24-hour change: $SOL -4.38%; Binance spot, rolling 24-hour change: $JUP -7.18%; Binance spot, rolling 24-hour change: $RAY -7.76%. These are the price changes of three separate tokens. They are not scores of ecosystem usage, nor do they show that the tokens fell for the same reasons.
According to an October 22 report by BlockBeats, OnchainLens tracked Circle issuing $1.5 billion worth of USDC in six transactions over the past 24 hours, with each transaction worth $250 million. This is news of an issuance on Solana. It does not mean the funds have already entered trading, nor does it directly prove user growth or improved retention.
What I really want to know is where this batch of USDC went afterward: it may have gone into trading, or it may simply be sitting on-chain for now. The current report doesn’t explain how it’s actually being used. More liquidity may make trading easier, but easier trading doesn’t mean users will come back. Conversely, people may be using it regularly, but there’s currently no retention data to verify that. The money has arrived at the station; the next thing to watch is whether anyone keeps coming back.