In October, the transaction volume of stablecoins on the chain increased by 8%, and the issuance supply decreased by about 0.7%.
According to data from TheBlock Pro the on-chain transaction volume of stablecoins increased by about 8% after the October adjustment, rising to $899 billion, while the issuance supply of stablecoins fell by about 0.7% to $149.3 billion. The market share of USDT and USDC was 79.5% and 16.9% respectively. The spot trading volume of compliant centralized exchanges (CEX) rose by 16.3% to $843 billion in October. The total on-chain transaction volume of Bitcoin and Ethereum increased by 28.1% to $420 billion after adjustment, with Bitcoin's on-chain transaction volume increasing by 32.1% and Ethereum's by 20.9%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What Are The Key Support And Resistance Levels For Ripple (XRP) During The Market Decline? Analysis Company Reveals
Cryptocurrency analytics firm MakroVision has taken a look at the XRP price situation during the market decline.
In this Altcoin, Developers Say “There is Manipulation Because We Allocate Too Few Tokens to Ourselves”, Demand More Tokens from the Community
Developers in one altcoin project attributed price volatility and manipulation to the fact that they had too few tokens.
400 Million XRP Worth $1.13 Billion Unlocked: But There’s One Thing to Know
Although 400 million XRP have been unlocked, according to Onchain data, this is a planned unlock and most coins will not be sold.
Are the Applications of ETF Applicants DOGE, XRP, SOL, LTC, BONK, MELANIA Altcoins Likely to be Approved? CEO Evaluated
Is there a possibility that the ETF steps that have been put forward recently for various cryptocurrencies, including memecoins, will come true?
Trending news
MoreCrypto prices
More
