Within one hour of the coin being minted, the market sent the price of the USDC/SOL trading pair up by 0.5%. During that hour, the price of the digital asset increased from $1.0005 to $1.0050. During this timeframe, the total trading volume for this currency pair increased by 15% from the initial level of 500 million USDC to 575 million USDC.
Trading volumes across the Solana ecosystem grew by 2% as broader Solana assets saw increased market activity. On-chain transactions experienced rapid growth. The number of active Solana wallet addresses jumped from 200,000 to 220,000 during this period. Solana Explorer data showed that transactions related to USDC grew by 15% during the analyzed period, reaching 57,500.
