According to knowledge issued by the nationwide tax enforcer, the adoption of solana and ether is rising in Brazilian markets. Ether’s utilization elevated considerably, having registered 950,000 transactions transferring over $165 million – a related improve in comparison with final 12 months’s October numbers, when it scored 600,000 transactions and transferred practically $40 million. Solana additionally exploded, going from 223,000 transactions with a turnover of $9.43 million to 443,000 transactions funneling near $84 million. Nonetheless, the Brazilian crypto market continues to be dominated by dollar-pegged stablecoins like Tether’s USDT and USDC, which helped haul $2.64 billion, 70% of all the quantity transacted throughout October in Brazil.
