Research company Sixdegree shared remarkable data about stablecoins in the cryptocurrency market.
sixdegree 16 December In the detailed report he shared on the day, he included the change in the market value of stablecoins from past to present. While the company stated that the recent increases are not associated with an increase in the market value of stablecoins, the total market value of stablecoins will not increase in December 2022. 139 billion dollars, If in December 2023 $129.5 billion He emphasized that it was.
In the report, the market stablecoin level increasing It was stated that in this case, there may be significant increases in the cryptocurrency market. Underlining that the levels are still lower than December last year, the research company said: A stablecoin-backed bull He noted that it might not have arrived yet.
on the other hand Ethereum (ETH) market value of stablecoins on the network since 2022 down 34% decreased to 69.4 billion dollars, but TRON (TRX) The market value of stablecoins on the network during the same period increased by 57.7% specified:
Since 2022, the supply of stablecoins on Ethereum has continuously decreased. It fell from a peak of $100 billion to $66 billion, indicating a decline of 34%. At the same time, the stablecoin supply on TRON increased from $31 billion to $48.9 billion in 2022, showing a growth rate of 57.7%, in line with the market price trend.
In the report, addresses holding stablecoins over 100 thousand dollars 54% have reserve accounts is and 11.1% are inactive It was written that it consists of wallets. The company concludes that such a high balance, which is not idle, has a positive impact on the market. Does not create liquidity and price increase defended.
However, it was noted that despite the increases in the market, there was no significant increase in stablecoin liquidity.