{"id":137112,"date":"2024-09-12T16:00:28","date_gmt":"2024-09-12T13:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137112"},"modified":"2024-09-11T19:53:15","modified_gmt":"2024-09-11T16:53:15","slug":"ethereum-transaction-volume-reaches-new-heights-stablecoins-lead-the-growth","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-transaction-volume-reaches-new-heights-stablecoins-lead-the-growth\/","title":{"rendered":"Ethereum Transaction Volume Reaches New Heights – Stablecoins Lead the Growth"},"content":{"rendered":"
The transaction volume for stablecoins has doubled since January, starting at $652 billion and peaking at $1.18 trillion in April.<\/p>\n
MakerDAO\u2019s DAI led the way in stablecoin transaction volumes, reaching $962.3 billion, driven by increased interest in decentralized finance (DeFi). This growth in DAI usage suggests rising confidence in algorithmic stablecoins. Tether\u2019s USDT and Circle\u2019s USDC followed with transaction volumes of $265.84 billion and $209.98 billion, respectively, maintaining their significant influence in the expansion of the DeFi sector.<\/p>\n
Despite DAI\u2019s dominance in unfiltered volumes, USDT<\/a><\/strong> and USDC<\/a><\/strong> performed better in filtered stablecoin transactions on Ethereum, sparking speculation about potential \u201cwash<\/em>\u201d trading.<\/p>\n