Ether and Solana Grow in Brazilian Markets

According to data issued by the national tax enforcer, the adoption of solana and ether is growing in Brazilian markets. Ether’s utilization increased significantly, having registered 950,000 transactions moving over $165 million – a relevant increase compared to last year’s October numbers, when it scored 600,000 transactions and transferred nearly $40 million. Solana also exploded, going from 223,000 transactions with a turnover of $9.43 million to 443,000 transactions funneling close to $84 million. Nonetheless, the Brazilian crypto market is still dominated by dollar-pegged stablecoins like Tether’s USDT and USDC, which helped haul $2.64 billion, 70% of all the volume transacted during October in Brazil.