🔥#solana Stablecoin card spending just hit another record! October surged to $141.1 million, setting a new high for the fourth consecutive month. That’s 7 times the amount from the same period last year and 24% higher than September’s record!
KAST was the clear leader, accounting for $100.4 million in transaction volume. Add Rain, and the two together made up 93% of the total.
Across all chains, Base ranked first and Optimism second, with Solana close behind—just $3.5 million away from overtaking its rival 😯.
There is a potential concern, though: the data is heavily dependent on KAST, while other payment projects are far smaller. If KAST’s popularity wanes, this payment activity could come under pressure very quickly.
KAST was the clear leader, accounting for $100.4 million in transaction volume. Add Rain, and the two together made up 93% of the total.
Across all chains, Base ranked first and Optimism second, with Solana close behind—just $3.5 million away from overtaking its rival 😯.
There is a potential concern, though: the data is heavily dependent on KAST, while other payment projects are far smaller. If KAST’s popularity wanes, this payment activity could come under pressure very quickly.