Are whales moving into USDT
26.05.2022
Large depositors are called whales. Analysts say that USDC has increased its demand as a blockchain thanks to its work on Ethereum. Additionally, the owners of these tokens remain the largest in mining. In the future, their activities will be monitored, for reporting and checking the course.
Analysts say that now Ethereum has a storage volume of more than 1 million. This is more than the USDT before its total drop of 18 trillion. Now the conditions of market relations are directed towards USDC, as the most stable and safe asset. This happened after the fall of UST and large-scale losses.
CoinMetrics has identified 147 Ethereum wallets that saw a sharp jump in profitability. The benefits ranged from one to ten million US dollars. Also, the amount of storage has become a record due to the surge in popularity. Tether, the creator of USDT, has lowered the price of commercial paper.
DeFi transfers are made on Ethereum. For example, when working in Dai, activity immediately became decentralized. Additionally, capitalization received an indicator of 6 billion, and the token kept the proportion of the rate 1 to 1.
Analysts say that now Ethereum has a storage volume of more than 1 million. This is more than the USDT before its total drop of 18 trillion. Now the conditions of market relations are directed towards USDC, as the most stable and safe asset. This happened after the fall of UST and large-scale losses.
CoinMetrics has identified 147 Ethereum wallets that saw a sharp jump in profitability. The benefits ranged from one to ten million US dollars. Also, the amount of storage has become a record due to the surge in popularity. Tether, the creator of USDT, has lowered the price of commercial paper.
DeFi transfers are made on Ethereum. For example, when working in Dai, activity immediately became decentralized. Additionally, capitalization received an indicator of 6 billion, and the token kept the proportion of the rate 1 to 1.