Stable coin emission recorded significant growth last year-old coins
Stable coin emission recorded significant growth last year-old coins
When the crypto-assets gained in value last year, the growth of the stable coin economy also increased and today there are stable coins worth $ 170.24 billion in circulation. The data show that a number of stablecoin reviews have increased exponentially in the past 12 months.
12-month statistics show that the StableCoin market reviews recorded massive growth
Last year, numerous crypto-assets reached all-time high (ATH) prices, since current data underline the significant growth of the crypto economy in 2021. In addition, fiat-bound tokens, which are generally referred to as stablecoins, have also listed a massive growth as centralized storage and decentralized.
on January 11, 2021, for example, the holding ropes ( usdt ) The market capitalization was 24.4 billion US dollar and has been at the last year 221.31 % increased. US dollar Coin (USDC), the second largest stable co-power value in terms of market evaluation, had a market capitalization of $ 4.4 billion on the same day of last year. Today, the market capitalization of USDC is $ 43.9 billion, which corresponds to an increase of 897.72 %.
The stable coin issued by Binance (Busd) had only a market capitalization of $ 1 billion a year ago and has now increased $ 14 billion, which rose by $ 1,300 % last year. Terra's StableCoin UST had a market rating of $ 138 million on January 11, 2021, and today the market capitalization is $ 10.5 billion.
Last year, the market capitalization of Fiat-bound token rose higher than most crypto profits
The Dai token from Makerdao rose from $ 1.3 billion to $ 9 billion today because it grew by 592.30 % last year. Mim, also known as Magic Internet Money, is a stable coin that is not even a year old, but the sixth largest stable coin that exists.
MIM started in September 2021 with the emission with $ 5.4 million and today the market capitalization of MIM is $ 4.6 billion. In addition, the Stablecoin Frax (Frax) currently has a market capitalization of $ 2 billion, but last year it was only $ 92 million.
One can certainly say that some of the dollar-bound token market capital that recorded immense growth last year have increased their market capitalization gains more than the profits of traditional crypto-assets such as Bitcoin or Ethereum.
Currently, stable coins represent 8.24% of the total crypto economy worth a little more than $ 2 trillion. The global trade volume of stablecoin in the last 24 hours was around $ 72.6 billion, which corresponds to 61.94 % of today's volume of $ 117.2 billion in the entire crypto economy
What do you think of the StableCoin market capitalizations that rose by 500 % to 1,300 % last year? Let us know your opinion on this topic in the comments below.
Photo credits : Shutterstock, Pixabay, Wiki Commons, Coingecko, Tradingview,
Kommentare (0)