Stablecoin transactions reached a record $1.79 trillion in June, up 63% from May. TRON ranked third among networks, processing $320 billion and handling 385.77 million transactions with nearly 27 million active accounts. TRON's dominance is driven by hosting the largest USDT supply, benefiting from low fees and fast transfers. USDC led stablecoin usage, accounting for 67% of transactions. As volumes grow, regulatory clarity may favor networks like Base and Ethereum over TRON in Western markets.
Solana has attracted approximately $552.6 million in net inflows, outpacing other blockchain networks, driven by its multiple use cases and strong ecosystem metrics including $4.9 billion in TVL and $1.1 billion in DEX volume. Despite recent price re...
Crypto markets saw $26.3 million in liquidations over 24 hours, dominated by $18 million in short position liquidations as Bitcoin and Ethereum prices rose modestly. This indicates a short squeeze, where bearish traders are forced to close positions ...
Tether, the largest stablecoin issuer, faces a $2.9 billion annual fee drain to blockchains it doesn't control, mainly Ethereum and Tron. To reclaim these fees, Tether supports two competing USDT blockchains: Plasma, a DeFi-focused chain with a nativ...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
Bitcoin and Ethereum prices fell slightly on Friday, with Bitcoin down 0.96% to $64,147 and Ethereum down 0.62% to $1,861, indicating a mild pullback in major cryptocurrencies. Meanwhile, some large-cap altcoins like Tron and Dogecoin posted modest g...
