Row 5053

Row ID: 5053 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 5053 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The total supply of Ethereum stablecoins has recovered to the highest level since March 2023 at [$92 billion](https://www.theblock.co/data/stablecoins/usd-pegged/total-stablecoin-supply-daily). It hit a record $125.6 billion at the beginning of March 2022.

https://preview.redd.it/7hvnqfulanwc1.png?width=768&format=png&auto=webp&s=4d6a658146a04621e95ff13a26dc4b844dc2d92c

Total stablecoin supply is now at the highest since June 2022 at over [$165 billion](https://www.theblock.co/data/stablecoins/usd-pegged/total-stablecoin-supply-daily). The stablecoin market hit a record valuation of over $183 billion in May 2022.

Tether’s USDT continues to dominate the sector with its record market cap of $115 billion, accounting for 70% of the total market cap - Today, almost 58 billion USDT resides on Tron and over 52 billion on Ethereum, both at a record high.

https://preview.redd.it/5tqdzopoanwc1.png?width=1024&format=png&auto=webp&s=ed2c97e17b90e5caf13c218a11733cf18fce7685

Algorithmic stablecoins on Ethereum are also experiencing a revival, with the total supply surging to almost $10 billion, which is the highest since October 2022.

* Interestingly, DAI’s market cap has been hovering near $5 billion over the last 12 months, while the aggregate value of the rest of algorithmic stablecoins has doubled during the same period. * The main driver was Ethena’s USDe, which quickly rose to $2.4 billion.

OC: [https://www.nftgators.com/ethereum-stablecoin-volume-to-hit-record-1t-in-april/](https://www.nftgators.com/ethereum-stablecoin-volume-to-hit-record-1t-in-april/)

FieldValue
text The total supply of Ethereum stablecoins has recovered to the highest level since March 2023 at [$92 billion](https://www.theblock.co/data/stablecoins/usd-pegged/total-stablecoin-supply-daily). It hit a record $125.6 billion at the beginning of March 2022. https://preview.redd.it/7hvnqfulanwc1.png?width=768&format=png&auto=webp&s=4d6a658146a04621e95ff13a26dc4b844dc2d92c Total stablecoin supply is now at the highest since June 2022 at over [$165 billion](https://www.theblock.co/data/stablecoins…
label r/ethereum
dataType post
communityName r/ethereum
datetime 2024-04-25
username_encoded Z0FBQUFBQm5LakwyYlY4QXZ3MnM1cWd4b1BfNlVwMVROcFJYQXp5X1JNWjN0MmlXVC01NG5sTzU4M0NER2lKVXpiU0FyNVdxNjdIY3JDQ3FiUDBvaUc3a2UxUkl0RUxVaGc9PQ==
url_encoded Z0FBQUFBQm5Lak9GZ2kwUXM1Qi1NWDduN3dBY2JpWFVaOHYweE5sMDllQ3NXVjJ5eXBDcmFBNm9OZVB3VHRyaVE1WFJTcEFvZ3pBUUxQb2dfa1FLRmRHT2xoQnhuLXBwTzQ0WXgtSUduTFA5ak1zOVhQSFNmWXQ0b2VqS2RWUXZobk1IaEtjU1R3Y0FNM0NVSVNhVnF4MklkeU91bDNkVHBvRUxQaGJVNGNZREk5OUtPSnlWa0ZOQUxvUnlaV1pJNUV6NURHemNTSkpESjRXODlNTnVRR0xSZmM4SGhWVkxmdz09

Raw Record

{
  "text": "The total supply of Ethereum stablecoins has recovered to the highest level since March 2023 at [$92 billion](https://www.theblock.co/data/stablecoins/usd-pegged/total-stablecoin-supply-daily). It hit a record $125.6 billion at the beginning of March 2022.\n\nhttps://preview.redd.it/7hvnqfulanwc1.png?width=768&format=png&auto=webp&s=4d6a658146a04621e95ff13a26dc4b844dc2d92c\n\nTotal stablecoin supply is now at the highest since June 2022 at over [$165 billion](https://www.theblock.co/data/stablecoins/usd-pegged/total-stablecoin-supply-daily). The stablecoin market hit a record valuation of over $183 billion in May 2022.\n\nTether’s USDT continues to dominate the sector with its record market cap of $115 billion, accounting for 70% of the total market cap - Today, almost 58 billion USDT resides on Tron and over 52 billion on Ethereum, both at a record high.\n\nhttps://preview.redd.it/5tqdzopoanwc1.png?width=1024&format=png&auto=webp&s=ed2c97e17b90e5caf13c218a11733cf18fce7685\n\n Algorithmic stablecoins on Ethereum are also experiencing a revival, with the total supply surging to almost $10 billion, which is the highest since October 2022.\n\n* Interestingly, DAI’s market cap has been hovering near $5 billion over the last 12 months, while the aggregate value of the rest of algorithmic stablecoins has doubled during the same period.\n* The main driver was Ethena’s USDe, which quickly rose to $2.4 billion.\n\nOC: [https://www.nftgators.com/ethereum-stablecoin-volume-to-hit-record-1t-in-april/](https://www.nftgators.com/ethereum-stablecoin-volume-to-hit-record-1t-in-april/)",
  "label": "r/ethereum",
  "dataType": "post",
  "communityName": "r/ethereum",
  "datetime": "2024-04-25",
  "username_encoded": "Z0FBQUFBQm5LakwyYlY4QXZ3MnM1cWd4b1BfNlVwMVROcFJYQXp5X1JNWjN0MmlXVC01NG5sTzU4M0NER2lKVXpiU0FyNVdxNjdIY3JDQ3FiUDBvaUc3a2UxUkl0RUxVaGc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9GZ2kwUXM1Qi1NWDduN3dBY2JpWFVaOHYweE5sMDllQ3NXVjJ5eXBDcmFBNm9OZVB3VHRyaVE1WFJTcEFvZ3pBUUxQb2dfa1FLRmRHT2xoQnhuLXBwTzQ0WXgtSUduTFA5ak1zOVhQSFNmWXQ0b2VqS2RWUXZobk1IaEtjU1R3Y0FNM0NVSVNhVnF4MklkeU91bDNkVHBvRUxQaGJVNGNZREk5OUtPSnlWa0ZOQUxvUnlaV1pJNUV6NURHemNTSkpESjRXODlNTnVRR0xSZmM4SGhWVkxmdz09"
}
Explore Dataset Explore Row

Entry Information