Solana Cross-Chain Bridge Volume Hits $1.4B Milestone
Solana Cross-Chain Bridge Volume Hits $1.4B Milestone
🌉 Solana's Billion Dollar Bridge
AllbridgeCore reports $1.4 billion in total bridged volume between Solana and various blockchain networks, marking significant growth in cross-chain activity.
The milestone highlights increasing adoption of Solana's ecosystem for inter-blockchain transfers. This volume has remained stable since October 2024, when the platform first reached the $1.4B mark.
- Solana maintains position as preferred chain for AllbridgeCore users
- Volume indicates sustained trust in cross-chain infrastructure
- Stable growth pattern observed over recent months
Allbridge Releases September Report Highlighting New Integrations and Features
**Allbridge Core** published its September monthly report, showcasing significant developments in cross-chain bridging technology. The report highlights: - New platform integrations - Feature releases and improvements - Progress in cross-chain stablecoin bridging This follows August's milestone-heavy month, indicating consistent development momentum for the native stablecoin bridging protocol. [Read the full September report](https://bit.ly/4oc40w1)
Stablecoin Market Reaches New Heights at $233B
The stablecoin market has reached a significant milestone with total market capitalization hitting $233 billion. Key developments include: - USDT (Tether) maintains market leadership with 63% share - USDC shows strong growth, now controlling 25.7% of market - Regulatory adoption driving USDC's expansion - New entrant USDe (Ethena) joins top 5 with $6B+ in circulation This growth signals increasing mainstream adoption of digital assets and highlights stablecoins' crucial role in bridging traditional finance with crypto markets. The multi-stablecoin ecosystem continues to evolve, with different tokens serving various market needs.
Allbridge Core Reaches $2B in Total Volume
Allbridge Core, a cross-chain bridging protocol, has achieved $2 billion in total transaction volume. This represents significant growth from their previous milestone of $1.4 billion reported in October 2024. Key metrics: - Current volume: $2 billion all-time - Previous milestone: $1.4 billion (October 2024) - Growth: $600 million in ~2 months The platform continues to show steady adoption in cross-chain transfers.
Allbridge Core Team Member Heading to Devcon 2024
**@avelykyy** from the Allbridge Core team will be attending **Devcon 2024**. - Team encourages community members to connect during the event - Opportunity for in-person meetings and discussions - Attendees can reach out directly to @avelykyy or the team *Looking to meet? Drop a line to coordinate meetups during the conference.*