I looked at an interesting data comparison: the total market capitalization of stablecoins has doubled since the 2021 peak, but the trading volume of stablecoins on DEXs over the past two years has not yet returned to that year's level. This is quite worth pondering—are leading stablecoin issuers indeed more aligned with stronger investment logic than DEXs, or has the entire market liquidity landscape undergone a restructuring? The data comes from Token Terminal, and it seems that this contrast might conceal some kind of prediction about the future of the DeFi ecosystem.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
5
Repost
Share
Comment
0/400
DogeBachelor
· 5h ago
Stablecoin market cap doubles, but DEX trading volume actually drops? This data contrast is quite interesting; it seems like big players are hoarding rather than actually using.
View OriginalReply0
PseudoIntellectual
· 5h ago
Stablecoins are surging, but DEX trading volume hasn't recovered yet. This contrast is quite stark... Could it be that big players are all hiding in centralized exchanges to retire?
View OriginalReply0
gaslight_gasfeez
· 5h ago
Stablecoin growth but DEX trading volume declines? This contrast is indeed strange... It seems like all liquidity is flowing into CeFi.
View OriginalReply0
SeasonedInvestor
· 5h ago
The stablecoin issuer is definitely stockpiling assets, waiting for a major move later on.
View OriginalReply0
ReverseFOMOguy
· 6h ago
Stablecoin market cap doubles but trading volume drops? The data contrast is truly remarkable. It seems like big players are hoarding rather than trading, something's off.
I looked at an interesting data comparison: the total market capitalization of stablecoins has doubled since the 2021 peak, but the trading volume of stablecoins on DEXs over the past two years has not yet returned to that year's level. This is quite worth pondering—are leading stablecoin issuers indeed more aligned with stronger investment logic than DEXs, or has the entire market liquidity landscape undergone a restructuring? The data comes from Token Terminal, and it seems that this contrast might conceal some kind of prediction about the future of the DeFi ecosystem.