Стаблецоинс haven’t been exempt from suffering losses during the ongoing тржиште цриптоцурренци crash, but its major assets are still persevering, with Tether (УСДТ) not only ranking third among all cryptos but also dominating centralized exchanges by stablecoin trading volume.
As it happens, Tether’s share of trading volumes in centralized exchange (CEX) markets remains the highest among all stablecoins, according to the most recent data објављен преко платформе за криптоаналитику ЦоинМетрицс у октобру КСНУМКС.
Stablecoin trading volumes
Specifically, USDT currently takes up around 70% of all trading volume reported by exchanges, despite this share being smaller than at the year’s turn. Binance USD (BUSD) occupies second place and is seeing an increase in spot volume share thanks to being used more frequently as a quote asset on Бинанце.
USDT and BUSD are followed by USD Coin (USDC) and Dai (DAI), with the former receiving relatively little utilization, particularly following Binance’s plan to deprecate USDC-quoted spot pairs on the крипто размена and convert all stablecoins into BUSD.
Доминација тржишне капитализације
Binance’s actions can also be attributed to USDC’s market cap dominance on Ethereum (ETH) falling to 39% in October, after peaking in early July when it accounted for 44% of the market, according to data објављен by Мессариа.
At the same time, this major decision has failed to achieve more than a 5% increase in the market share on the Ethereum network for BUSD, as the crypto market intelligence platform stressed.
Преко блоцкцхаинс, Tether has retained its position as the largest stablecoin by market cap. However, it has “suffered heavily since summer and has yet to recover,” Мессариа highlighted in a цвркут on October 16. By this indicator, it is followed by USDC, BUSD, and DAI, respectively.
Finally, it is worth noting that the total market cap of stablecoins has declined in 2022, in line with the entire тржиште цриптоцурренци sentiment, although currently it amounts to at least $135 billion, according to the ЦоинМетрицс пријавити.
odricanje: Садржај на овом сајту не треба сматрати саветом за инвестирање. Улагање је шпекулативно. Када инвестирате, ваш капитал је у опасности.
Source: https://finbold.com/tether-dominates-centralized-exchange-stablecoin-trade-volumes-despite-market-cap-decline/