Analysis: The supply of stablecoins has reached the highest point since January 2022, and the daily number of transactions has hit a new high.

avatar
ODAILY
08-12
This article is machine translated
Show original
Odaily Odaily News According to Artemis data shared by on-chain analyst Peter Schroeder on X, cryptocurrency activity has picked up in the past week, including: 1. DeFi transaction volume hit a high since March 2023 on August 5, and it was also the fourth most active day in the DeFi field in the past three years; 2. Bridge transaction volume also set the highest single-day record since March 2023; Circle's CCTP dominated, accounting for 35% of bridge activity; 3. Perpetual contract transaction volume reached the highest level since March 2023, and it was also the third highest transaction volume in the past year; 4. The number of stablecoin transfers hit a record high on August 5; 5. The supply of stablecoins reached the highest level since January 2022, currently at US$165.33 billion, with USDT accounting for 69.82%.

Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments