The supply of stablecoins has reached a record high of $176.2 billion, indicating potential bullish momentum in the crypto market. This surge follows a dip during the crypto winter, as noted by Token Terminal data.
USDT holds a 75% share of the stablecoin market, with its supply doubling to $118.6 billion, according to a report by COINOTAG using Token Terminal data.
Ethereum's Layer-1 network revenue drops by 99% following the Dencun upgrade, while Layer-2 solutions experience growth.
Aptos (APT) gains 25% despite market downturn. Main achievement: breaking 4,000 TPS, peaking nearly 12,500 TPS. Competes with Solana and Ethereum. Token price faces short-term downward momentum but has long-term potential, particularly if overall market conditions improve.
According to Token Terminal, stablecoin transfer volumes have surged tenfold from $100 billion to $1 trillion per month in four years, highlighting their growing importance.
Stablecoin transactions surged 16 times in four years, with monthly transfers reaching $1.68 trillion by April 2023, indicating increasing cryptocurrency adoption.
Stablecoin transactions have surged over 16 times in the past four years, with monthly transfer volume growing from $100 billion in October 2020 to $1.68 trillion in April 2024.
Token Terminal and Messari released in-depth analyses of the TRON network's Q1 2024 performance, highlighting its competitive growth in the blockchain industry.
Ethereum's Q1 2024 saw a 100% price rise and $369M in profits. Profits stem from transaction fees burned, reducing ETH supply and increasing its value. Balancing this, new ETH tokens dilute existing holdings. The Dencun upgrade and Layer 2 networks significantly boosted revenues and reduced costs, though recent market corrections have led to declines in revenue and market cap.
Ronin blockchain records 2 million daily active users, surpassing all other blockchains as of July 29, according to Token Terminal.
