Ethereum stablecoin transaction volume breaks monthly record in April
The total transaction volume of stablecoins on Ethereum last month was significantly higher than any previous month, but most of the trading volume was contributed by a single stablecoin, DAI. As previously reported by The Block, DAI is increasingly being used for complex MEV transactions, usually involving flash loans, with a large portion of DAI being minted and returned in a single transaction. Just one of these transactions increased DAI trading volume by nearly $1 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
CIO of a Giant Investment Company Reveals His Prediction for the Level of Bitcoin Price in the Near Future
Bitwise senior manager Matt Hougan shared his thoughts on the future of Bitcoin price in his statement.
US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value
Following a seven trading day streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs has reached a two-month high.Friday also marked the largest inflows to the funds since early June, a nearly four-month high.
FBI seizes $6M from crypto scammers targeting US citizens
Trending news
MoreCrypto prices
More
