Adjusted stablecoin transaction volume reached $1.41 trillion in December 2024, a record high
According to The Block Pro data, stablecoin trading volume reached a historic high of $1.41 trillion in December 2024, an increase of 20.3% after stablecoin adjustments. The stablecoin supply increased by 1.7% to $170 billion, with USDT and USDC accounting for 79.2% and 18.3% of the market share, respectively. In addition, Bitcoin miners' income increased by 18.9% to $1.44 billion, while ETH stakers' income increased by 30.2% to $342 million. In December, a total of 47,064 ETH were burned on the Ethereum blockchain, equivalent to $174.4 million. Since the implementation of EIP-1559, a total of 4.53 million ETH have been burned, equivalent to about $12.8 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token.
Zerebro Developer Reported Alive Days After Alleged On-Camera Suicide
The mysterious case of Zerebro’s 22-year-old developer, who appeared to shoot himself during a livestream on May 4, took a dramatic turn after he was reportedly seen alive outside his family home in San Francisco.
AI DApps Surge in Activity, Poised to Rival Gaming and DeFi in Web3 Dominance
Artificial Intelligence-powered decentralized applications (DApps) are rapidly gaining ground in the Web3 ecosystem. They may soon challenge the dominance of Gaming and Decentralized Finance (DeFi), according to fresh insights from blockchain analytics firm DappRadar.
Bitcoin ETF Inflows Surge to Record $40.62 Billion
Trending news
MoreCrypto prices
More
