CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-01-09 06:52:08

Stablecoin Supply Hits Record Highs: A Boon for the Crypto Market

The stablecoin market is witnessing unprecedented growth, with supply consistently reaching new highs. This surge indicates a steady inflow of liquidity into the cryptocurrency market, setting the stage for larger price movements and pumps across altcoins. Stablecoin supply is now in price discovery and keeps making new highs. This means that there is more liquidity entering the crypto market. Capital inflows = bigger pumps across altcoins. pic.twitter.com/LiatH7ATx6 — Miles Deutscher (@milesdeutscher) January 7, 2025 Record-Breaking Activity on Tron Network The #TronNetwork has been a significant contributor to stablecoin adoption. In 2024, the network processed an astounding 749.5 million $USDT transfers, averaging 2.05 million transfers daily. The $USDT transfer volume on Tron reached $5.46 trillion in 2024, marking a remarkable 48% increase compared to 2023. The #TronNetwork processed 749.5M transfers of $USDT in 2024, averaging 2.05M daily transfers. In 2024, the $USDT transfer volume on #TronNetwork reached $5.46T, a 48% increase from 2023. https://t.co/jkCjPFLl7r pic.twitter.com/XG5I3bQtd1 — Lookonchain (@lookonchain) January 6, 2025 This growth highlights Tron’s dominance in stablecoin transactions, driven by its low fees and high efficiency, making it a preferred choice for large-scale transfers. Rising Stablecoin Holdings on Ethereum and Solana In the past week alone, stablecoin holdings on key blockchains like Ethereum and Solana have surged. On Ethereum, $USDT and $USDC supplies grew by $1.11 billion, reflecting its continued role as a hub for DeFi and crypto activities. Similarly, Solana experienced a $202.13 million increase in stablecoin supply, underscoring its growing relevance in the ecosystem. In the past 7 days, stablecoins(USDT&USDC) on #Ethereum increased by $1.11B, and stablecoins(USDT&USDC) on #Solana increased by $202.13M. https://t.co/MmejJTKE7z pic.twitter.com/dvxReLDhiH — Lookonchain (@lookonchain) January 6, 2025 Impact on the Crypto Market The increasing stablecoin supply signifies a strong influx of capital into the market, providing liquidity that fuels trading and investment. This capital inflow is a positive signal for altcoins, as it often leads to broader market participation and significant price pumps. Conclusion The growth in stablecoin supply, coupled with record activity on networks like Tron, Ethereum, and Solana, reflects rising confidence in the crypto market. As liquidity continues to pour in, the stage is set for further expansion and price discovery in 2025. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: chayanity/ 123RF // Image Effects by Colorcinch

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta