Stable Currency Funds on Ethereum L2 Networks Show Remarkable Growth
It is reported that DeFillama data shows that the stable currency funds flowing into Ethereum L2 in the past 7 days exceeded US $2 billion, up more than 5%. In…
It is reported that DeFillama data shows that the stable currency funds flowing into Ethereum L2 in the past 7 days exceeded US $2 billion, up more than 5%. In terms of Arbitrum, the total inflow of stable currency of the network in February was about US $300 million, with an average daily inflow of more than US $10 million. USDC accounted for 67% of the total value of all stable currencies on the Arbitrum chain with US $96863 million. The total value of Tether and DAI was about US $394.81 million. In addition, the transaction volume of Arbitrum network reached 690000 in February, a record high. In terms of Optimism, since the beginning of March, the inflow of network stable currency has reached US $669.1 million, an increase of 4.89%. USDC accounted for 67% of the total value of all stable currencies on the Optimism chain with US $364.56 million, and the total value of sUSD and USDT was about US $145.77 million.
Data: More than US $2 billion has flowed into Ethereum L2 stable currency in the past 7 days
Interpretation of the news:
According to DeFillama data, the past seven days have seen a significant growth in the flow of stable currency funds into Ethereum Layer 2 networks, exceeding $2 billion, representing a growth of more than 5%. This surge in inflow was driven primarily by the growth of two Layer 2 solutions, Arbitrum and Optimism.
On Arbitrum, the total inflow in February amounted to $300 million, with an average inflow of $10 million daily. USDC accounted for 67% of the total value of all stable currencies on the network, reaching $968.63 million. The total value of Tether and DAI amounted to around $394.81 million. The network’s transaction volume in February reached a record high of 690,000.
On Optimism, since the beginning of March, the inflow of stable currency funds in the network has grown by 4.89%, reaching $669.1 million. USDC again accounted for the highest percentage of the total value of all stable currencies, reaching $364.56 million. The total value of sUSD and USDT was about $145.77 million.
The data indicates a growing interest by investors in Ethereum Layer 2 networks as a means of reducing high gas fees and improving the overall user experience. The surge in inflow represents a growing confidence in the scalability of Ethereum and its potential for building a sustainable decentralized finance (DeFi) ecosystem.
Furthermore, Arbitrum and Optimism’s ability to attract stable currency funds demonstrates the importance of stablecoins in the growth of decentralized finance. Stablecoins provide market stability and enable investors to freely trade digital assets with minimal risks of loss or volatility.
In conclusion, the growth in stable currency funds flowing into Ethereum Layer 2 networks is a positive sign for the future of decentralized finance, demonstrating investors’ increasing confidence in the scalability and sustainability of Ethereum-based DeFi applications.
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