A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›
Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.
If you don’t have enough, buy ACS on the following exchanges:
Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
Understanding stablecoin distribution helps predict trends and bottlenecks in DeFi liquidity.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Stablecoins not only stabilize but invigorate the DeFi ecosystem, facilitating seamless and significant liquidity flows across various blockchain platforms. By examining the market caps of stablecoins like Tether and USD Coin on major chains such as Ethereum and Tron, we gain critical insights into their roles within the DeFi landscape. Ethereum emerges as a massive host for stablecoin issuance while Tron’s staggering concentration of Tether points to unique market strategies. But what is particularly striking about the Solana ecosystem’s recent shifts in stablecoin dynamics? How does this reveal broader implications for its strategy in DeFi, especially when compared to other players? Discover the insightful details and their potential impacts on the market, hidden behind our Alpha content paywall.
To read the rest of this article, connect your Solana wallet or learn more about CryptoSlate Alpha.
This story is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership built to empower you with cutting-edge insights and knowledge, built in partnership with Access Protocol.
👋 Hey, connecting to CryptoSlate Alpha requires authentication using Access Protocol. CryptoSlate is a launch partner of Access Protocol and we are also invested in the project through a grant we received. For more information, see our terms page.
Connect a Solana self-custody wallet (Phantom, Solflare or Torus).
Stake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
WorkML.ai introduces a revolutionary method for metadata annotation, significantly enhancing AI model accuracy while reducing costs and time.
Daily digest of top crypto stories and market insights. Never miss out.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2024 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via
source
Source: www.cryptoslate.com
