StraitX's New Stablecoins on Solana: A Data-Driven Look at Instant SGD-USD Swaps

StraitX's introduction of Singapore and U.S. dollar stablecoins on the Solana blockchain has led to an immediate spike in trading volume. According to DefiLlama, within 24 hours of launch on December 15, 2025, the platform saw a trading volume of 1.2 million SGD, representing a 300% increase over the average daily volume on competing platforms.

Historical data from CoinGecko reveals that prior to StraitX's stablecoins, the average daily volume for SGD-USD pairs on Solana was a mere 300,000 SGD. This new offering has not only quadrupled that figure but has also attracted a significant number of new users. Dune Analytics reports a 45% increase in unique wallet addresses interacting with Solana's DeFi ecosystem since the launch.

The total value locked (TVL) in StraitX's stablecoin pools currently stands at $5.6 million, significantly higher than the $1.8 million TVL seen in similar pools on other networks like Ethereum. This indicates a strong initial interest and trust in StraitX's offerings.

Transaction fees on Solana remain low, averaging $0.00025 per swap, compared to $0.30 on Ethereum, making it an attractive option for traders looking to minimize costs. These figures highlight the efficiency and cost-effectiveness that Solana brings to the table.

The data clearly shows that StraitX's stablecoins on Solana are filling a gap in the market for instant, cost-effective currency swaps between SGD and USD. The rapid adoption and increased volumes are a testament to the demand for such solutions in the DeFi space.