After the adjustment in February, the transaction volume on the stablecoin chain dropped significantly, falling to US$632.4 billion, a decrease of ne

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Cointime2024/03/03 07:56

By:Cointime

According to data from The Block Pro, the stablecoin on-chain transaction volume decreased significantly by 14.8% to $632.4 billion in February after the adjustment. The market share of the US dollar stablecoin USDT was 76%, which decreased after four consecutive months of growth, while the market share of USDC slightly increased to 19.2%. In addition, the total on-chain transaction volume of Bitcoin and Ethereum increased by 3.2% to $369 billion after last month's adjustment, with Bitcoin's on-chain transaction volume slightly decreasing by 0.6% and Ethereum's on-chain transaction volume increasing by 9.2%.

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