Stablecoin supply reaches highest point since January 2022
According to Artemis data shared by on-chain analyst Peter Schroeder on X, cryptocurrency activity has picked up in the past week, including: 1. DeFi transaction volume hit a high since March 2023 on August 5, which was also the fourth most active day in the DeFi field in the past three years; 2. Bridge transaction volume also hit the highest single-day record since March 2023; Circle's CCTP dominated, accounting for 35% of bridge activity; 3. Perpetual contract transaction volume reached the highest level since March 2023, and it was also the third highest day in the past year; 4. The number of stablecoin transfers hit a record high on August 5; 5. The supply of stablecoins reached the highest level since January 2022, currently at US$165.333 billion, with USDT accounting for 69.82%.
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