January stablecoin transfers surpass $10 trillion… highest since April 2022

Source
JH Kim

Summary

  • Dune Analytics data said January total stablecoin transfer volume topped $10 trillion, the highest since April 2022.
  • About 56% of the total transfer volume came from decentralized exchange (DEX) liquidity pools, showing that liquidity provision and trading activity in DeFi remain a core pillar of stablecoin usage.
  • Centralized exchanges (CEX) hold about $80 billion worth of stablecoins, and stablecoins are establishing themselves as a key settlement layer in the cryptoasset ecosystem.

Forecast Trend Report by Period

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According to data from Dune Analytics on the 25th (local time), total stablecoin transfer volume in January this year topped $10 trillion, marking the highest level since April 2022.

Of the total transfer volume, about 56% was generated from decentralized exchange (DEX) liquidity pools. This indicates that liquidity provision and trading activity within DeFi remain a core pillar of stablecoin usage.

Meanwhile, centralized exchanges (CEX) hold around $80 billion worth of stablecoins, the largest share based on labeled addresses.

The figures suggest that stablecoins are moving beyond a simple trading medium to become a key settlement layer across the broader cryptoasset (cryptocurrency) ecosystem, including DeFi, exchange liquidity and settlement infrastructure.

Photo=Shutterstock
Photo=Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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