Swap volume on cryptocurrency wallet Metamask hit record highs during the USD Coin (USDC)-triggered stablecoin crisis after the bankruptcy of Silicon Valley Bank (SVB).
On-chain analytics platform Dune Analytics according to data Metamask swap volumethe second largest stablecoin USDC It broke a record by reaching $174 million during the stablecoin crisis triggered after its issuer Circle announced that it had exposed $3.3 billion to Silicon Valley Bank, which was shut down by the US. metamask, March 11 occurred on and all-time high (ATH) from this volume transaction fees with 1.5 million dollars close earned income.
From metamask administrators Daniel Finlay about the topic to The Block in his statement, speculative One out of panic what it consists of and what people they can trust about are experiencing indecision expressed. In this situation, investors great positions Stating that this led to the acquisition of stablecoins, Finlay you will collapse about DAI of fear even wrapping your stablecoin because large of the guarantees part of in USDC He stated that he was detained.
The cryptocurrency ecosystem has yet to fully place itself in the eyes of people. unable to position Implying Finlay, users have many against risk to crypto you ran away but on the other hand, as in the case of SVB systemic shocks when it happens, krypton that you think you can’t stand stated.
on the other hand metamask, a short time privacy discussions. a new ending version by publishing a host of new features introduced.