Binance subsidies drive USD1 supply surge, Solana becomes the largest incremental chain

Chain analyst Yu Jin tweeted that since Binance started subsidy activities at the end of January, the total supply of stablecoin USD1 has increased from approximately US$3.3 billion to US$4.4 billion, an increase of approximately US$1.1 billion. The author cited online data as saying that the main increase came from Solana: USD1 was supplied on Solana by approximately US$160 million before the event, and currently it is approximately US$880 million, an increase of approximately US$720 million, and the remaining approximately US$380 million increase is distributed on BSC and Ethereum. Currently, USD1 supply is basically concentrated in the above three chains.