Stablecoins’s annual transfer volume has exceeded the joint folders of the giant payment systems, Visa and MasterCard, by 7.7 %, reaching 27.6 trillion dollars, but lost 13.5 % of its total market share in the encryption market.
According to a a report From CEX.IO, the main factor behind the boom in Stablecoin’s transactions was the use of commercial robots on Solana and Al Qaeda, which have become prominent networks of decentralized exchanges (DeX), lending protocols, and general decentralized financing platforms (Defi).
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However, robotics programs represent 70 % of the size of Stablecoin, with a hegemony of 98 % on these two networks. The stock exchange is that although robot activity helps to cover arbitration and gas fees, it is problematic as malicious actors can use robots to circulate the front and clarify pumps and discharge plans.
Stablecoins supplies 59 % during 2024, reaching 1 % of the total US dollar supply. More and more, Stablecoins has been used for savings and transfers due to cost efficiency compared to traditional payment methods. It can be used around the clock throughout the week and with less fees than old systems, making it a more applicable option.
It is not surprising, Tether (USDT) The largest stablecoin was through the transfer volume, as a large average represents 79.7 % of all Stablecoin trading.
Ethereum and Tron lead the graph
The report also highlighted how ethereum You see the main sources of Stablecoin, as it represented more than 83 % of the market by 2024. But its share in the market combined decreased from 90 % earlier in the year thanks to the fierce competition from Solana and Solana and AptosAs well as layer solutions 2 like a base Irrigation, chains that still take the encryption market through the storm.
Stablecoin’s ETHEREMOM ceiling grew by 65 %, reaching the highest level ever. This was partially driven by reducing transaction fees after Dencun’s upgrade in March, as well as an increase after elections in the encryption activity in the United States.
Stablecoins, which carries the return in 2024
Stablecoins Ethina Usde It was particularly successful in leading and feeding one of the most important novels of 2024. The report said that the maximum of the common market of Stablecoins, which carries a barele, grew by about 600 % in 2024:
Stablecoins, which carries the return as one of the most important sectors in this field, has emerged with the highest market in the market by more than 583 % in 2024. This jump was primarily due to the adoption of SusDE, which became the dominant force in this sector, with its market the maximum increased More than 5800 % per year.
