Stablecoins make up 30% of DeFi revenues
The post Stablecoins make up 30% of DeFi revenues appeared on BitcoinEthereumNews.com. Stablecoins make up 30% of DeFi revenues, and are key to the sector’s development, discovered research by Keyrock Trading. Year-on-year, the weight of stablecoins in DeFi revenues has grown seven times. Stablecoins are becoming central to DeFi revenues, making up 30% of inflows for most DeFi projects. In the past year, stablecoins not only increased their supply, but developed new use cases, tapping the generally bullish crypto trend. Keyrock Trading discovered that stablecoins became key engines for protocol activity, going beyond a mere tool for transfers between exchanges. The year of relative stability meant both asset-backed and crypto-collateralized stablecoins could serve within the DeFi space. Ethereum and L2 draw in higher revenues from stablecoin usage Stablecoins grew to a total supply of $246.1B, with DeFi becoming the second most active use case, following centralized trading. A total of $17.7B in stablecoins flowed into DeFi in a five-year time span, with rapidly increasing liquidity for specific protocols. Stablecoins returned to Arbitrum in the past month, injecting $6.4B into the L2 chain and its DeFi apps. Arbitrum is also recovering its stablecoin-related revenues, with almost constant growth from March onward. Stablecoins returned to Arbitrum, one of the most active L2 chains for DeFi. | Source: GrowThePie DEX and lending protocols have a different stablecoin profile. Some protocols retain a higher share of stablecoin-based revenues, while for others, the growth is marginal. Keyrock discovered Ethereum and its L2 produced the most significant revenues from stablecoins usage. Despite the active transfers on TRON and Solana, the Ethereum ecosystem was still a hub for large-scale trading activity, DEX swaps, and perpetual futures trading. Ethereum saw 23% in stablecoin-driven revenues for DeFi apps, while L2 achieved 23%. Solana only had 13% in stablecoin-driven revenues. Stablecoin-derived revenues map out the return of a more active bear market.…
The post Stablecoins make up 30% of DeFi revenues appeared on BitcoinEthereumNews.com.
Stablecoins make up 30% of DeFi revenues, and are key to the sector’s development, discovered research by Keyrock Trading. Year-on-year, the weight of stablecoins in DeFi revenues has grown seven times. Stablecoins are becoming central to DeFi revenues, making up 30% of inflows for most DeFi projects. In the past year, stablecoins not only increased their supply, but developed new use cases, tapping the generally bullish crypto trend. Keyrock Trading discovered that stablecoins became key engines for protocol activity, going beyond a mere tool for transfers between exchanges. The year of relative stability meant both asset-backed and crypto-collateralized stablecoins could serve within the DeFi space. Ethereum and L2 draw in higher revenues from stablecoin usage Stablecoins grew to a total supply of $246.1B, with DeFi becoming the second most active use case, following centralized trading. A total of $17.7B in stablecoins flowed into DeFi in a five-year time span, with rapidly increasing liquidity for specific protocols. Stablecoins returned to Arbitrum in the past month, injecting $6.4B into the L2 chain and its DeFi apps. Arbitrum is also recovering its stablecoin-related revenues, with almost constant growth from March onward. Stablecoins returned to Arbitrum, one of the most active L2 chains for DeFi. | Source: GrowThePie DEX and lending protocols have a different stablecoin profile. Some protocols retain a higher share of stablecoin-based revenues, while for others, the growth is marginal. Keyrock discovered Ethereum and its L2 produced the most significant revenues from stablecoins usage. Despite the active transfers on TRON and Solana, the Ethereum ecosystem was still a hub for large-scale trading activity, DEX swaps, and perpetual futures trading. Ethereum saw 23% in stablecoin-driven revenues for DeFi apps, while L2 achieved 23%. Solana only had 13% in stablecoin-driven revenues. Stablecoin-derived revenues map out the return of a more active bear market.…
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