Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

FIFA taps Avalanche to launch dedicated blockchain for NFT platform

May 22, 2025

FIFA Doubles Down on Web3 Ambitions by Building Its Own Avalanche-Powered Blockchain

May 22, 2025

Binance Integrates With Brazilian National Payments System Using Pix

May 22, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    FIFA taps Avalanche to launch dedicated blockchain for NFT platform

    May 22, 2025

    FIFA Doubles Down on Web3 Ambitions by Building Its Own Avalanche-Powered Blockchain

    May 22, 2025

    Binance Integrates With Brazilian National Payments System Using Pix

    May 22, 2025

    Can ChatGPT Trade Crypto for You? Here’s What You Need to Know

    May 22, 2025

    Bitcoin ‘looks exhausted’ as next bear market yields $69K target

    May 22, 2025

    Billionaire Vivek Ramaswamy Announces Plans To Acquire 75,000 Bitcoin Under New Corporate Entity

    May 22, 2025

    BlackRock’s Bitcoin ETF notches 2-week high inflow as BTC nears $112K

    May 22, 2025

    Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

    May 22, 2025

    Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

    May 21, 2025

    Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

    May 21, 2025

    Ethereum price gained 90% the last time this indicator turned bullish

    May 20, 2025

    Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

    May 20, 2025

    Can ChatGPT Trade Crypto for You? Here’s What You Need to Know

    May 22, 2025

    Crypto Trader Books 346x Profit on Solana-Based Altcoin That’s Exploded 71,164% in a Month: Lookonchain

    May 22, 2025

    Billionaire Justin Sun To Attend Crypto Dinner With President, Says He Is ‘Top Holder’ of Trump’s Memecoin

    May 21, 2025

    These Crypto Entities Will Be the Largest Holders of US Treasuries in the World, According to Senator Hagerty

    May 21, 2025

    FIFA taps Avalanche to launch dedicated blockchain for NFT platform

    May 22, 2025

    FIFA Doubles Down on Web3 Ambitions by Building Its Own Avalanche-Powered Blockchain

    May 22, 2025

    Binance Integrates With Brazilian National Payments System Using Pix

    May 22, 2025

    Check your Huma Finance (HUMA) airdrop

    May 22, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    BlackRock & Chainlink: Predicting the Future of Digital Assets!

    May 22, 2025

    Bitcoin Hits New ALL TIME HIGH: Here's WHY (Japan Economy Imploding)

    May 22, 2025

    HURRY: Bitcoin's Move From $110K To $125K Will Be QUICK!!!

    May 21, 2025

    Bitcoin NEW All-Time High! Price Prediction & Bear Trap Alert!

    May 21, 2025

    The Next BIG Crypto Memecoin Just Discovered → Like Finding Dogecoin, Pepe, & Brett EARLY!?

    May 21, 2025
ApeWatcher News
Home » Stablecoins ‘in bull market’; Solana sputters: VanEck
Stablecoins ‘in bull market’; Solana sputters: VanEck
DeFi

Stablecoins ‘in bull market’; Solana sputters: VanEck

Coin TelegraphBy Coin TelegraphApril 4, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Stablecoins are “in a bull market of their own,” even as smart contract platforms — including Ethereum and Solana — sputter amid the marketwide tumult, asset manager VanEck said in an April 3 monthly note.

The diminished activity on smart contract platforms reflects cooling market sentiment in cryptocurrencies and beyond as traders brace for the impact of US President Donald Trump’s sweeping tariff policies and a looming trade war. 

But stablecoin adoption — a key measure of Web3’s overall health — continues apace. This is partly because ongoing macroeconomic uncertainty “could accelerate the strategic case for crypto,” Matthew Sigel, VanEck’s head of research, said in an April 4 X post.

Tokenized treasury bills help support stablecoin adoption. Source: VanEck

Related: Circle considers IPO delay amid economic uncertainty — Report

Stablecoins gain steam

Stablecoins collectively added nearly $10 billion in total market capitalization in March as multiple issuers, including VanEck, prepare to launch branded stablecoin products, it said. 

The inflows persisted despite a steep drop in average stablecoin yields, the asset manager noted. 

Stablecoin yields now range from around 3% to 5% — near or slightly below Treasury Bills — compared to as high as 10% at the start of the year, it said. 

Even so, issuance of tokenized Treasury Bills — a primary source of institutional stablecoin yield — increased 26% from February to March, surpassing $5 billion in total issuance, according to the report.

Ethereum, Solana slow down

Meanwhile, smart contract platforms suffered across-the-board declines in activity, with revenues and trading volumes dropping 36% and 40%, respectively, according to the report. 

Solana has suffered particularly sharply. Daily fee revenues and decentralized exchange (DEX) volumes diminished by 66% and 53%, respectively, in March, VanEck said.

In fact, Solana’s DEX share of volumes once again fell below those of Ethereum and its layer-2 scaling chains (L2s) after briefly surpassing them for the first time in February. 

Solana lost ground to Ethereum in DEX volume. Source: VanEck

This relative decline partly reflects a slowdown in memecoin trading, which still dominates Solana DEX activity. 

The segment has suffered since February after a series of memecoin-related scandals soured sentiment among retail traders. 

On Feb. 14, Libra, a memecoin seemingly endorsed by Argentine President Javier Milei, erased some $4.4 billion in market capitalization within hours of launching.

In March, trading volumes on Ethereum’s L2s also experienced declines — retracing by some 18% from February — but held up better than Solana’s, according to VanEck.

During the final week of March, “blob fees,” the Ethereum network’s main source of income from L2s, sunk to the lowest weekly levels so far this year, according to Etherscan.

Magazine: 7 ICO alternatives for blockchain fundraising: Crypto airdrops, IDOs & more

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Validation Cloud deploys Web3 AI engine on Hedera

May 20, 2025

Franklin taps blockchain to offer yield on idle payroll funds

May 19, 2025

Fintech needs DeFi in the back

May 19, 2025

Onchain student loans could supercharge DeFi: Animoca’s Yat Siu

May 16, 2025

Solana network activity surge and ‘megaphone’ chart pattern set $210 SOL price target

May 15, 2025

Stablecoins seen as ideal fit for real-time collateral management

May 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

FIFA taps Avalanche to launch dedicated blockchain for NFT platform

May 22, 2025

FIFA Doubles Down on Web3 Ambitions by Building Its Own Avalanche-Powered Blockchain

May 22, 2025

Binance Integrates With Brazilian National Payments System Using Pix

May 22, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.