According to data from on-chain analytics company Kaiko, Turkey showed record demand for USDT during election week, while making significant transactions with the Turkish lira.
In the data included in Kaiko’s weekly report, the company made evaluations by comparing the election process in Turkey with the data it collected. In the statements made, the company said that Turkish investors will be involved in the selection process. bitcoin, ethereum And in altcoins almost the volume of transactions as much as the whole Only You are trading in USDT recorded.
In the evaluation made according to the data of BtcTurk, the transactions that make up the total volume of the platform 46%It was seen that . This means that during the election week, Turkish investors are seriously considering cryptocurrencies rather than cryptocurrencies. dollar transaction revealed.
Transactions with Turkish lira accounted for 15% of the market
In this process, Turkish investors have lost a significant amount of interest in USDT compared to cryptocurrencies. with fiat currencies The volume of transactions also increased.
At the beginning of last week, it was seen that 15% of all transactions made with fiat currencies in crypto money markets were carried out with Turkish lira. Transactions with Turkish Lira include dollar, euro And 10 different traditional currencies in market data 5% While it covers a volume, this data has increased significantly and is included in all the transactions carried out during the election week. 15% some covered.
