Synthetix’s stablecoin sUSD dropped another 4.6% in the past 24 hours to $0.916, now over 8% off peg. On Curve’s DAI-USDC-USDT-sUSD pool, asset ratios are heavily skewed with sUSD making up 75.21%, indicating users are actively swapping sUSD for other stablecoins.

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ChainCatcher reports that, according to defillama data, the total market capitalization of stablecoins across the network is currently $233.525 billion, with a growth of 0.61% over the past week, among which USDT holds a market share of 61.86%.

Data: The total market value of stablecoins exceeded US$233.5 billion, an increase of 0.61% in the past week

On March 31st, the Non-Fungible Token trading platform X2Y2 announced that it will officially close on April 30th, 2025, marking the end of its three-year operation with a total trading volume of $5.6 billion. Although the smart contract...

Non-Fungible Token exchange X2Y2 announced its closure, X2Y2 Token price plummeted

By the end of March 2025, the global financial markets experienced a severe turbulence. The U.S. stock market suffered a "Black Friday" on March 28, with the S&P 500 index dropping 1.97%, the Nasdaq index plummeting 2.7%, and the Dow Jones Industrial Average falling 715 points, a decline of 1.69%. This downturn quickly spread to the cryptocurrency market, with BTC falling from $84,000 in the afternoon of March 29 to $81,565 in the early morning of March 31, Ethereum (ETH) dropping to a recent low of $1,767, and Solana (SOL) declining at 18:00 on March 30...

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