PANews, November 3 - According to The Block, the on-chain trading volume of Ethereum stablecoins reached approximately $2.82 trillion in October, a month-on-month rise of about 45%, setting a new historical high. The trading volume of USDC in that month was about $1.62 trillion, ranking first, followed by USDT with approximately $895.5 billion; DAI at around $136 billion, which decreased compared to September. Analysts state that during the market pullback, traders utilized stablecoins for liquidity management and yield strategies, with stablecoin issuers contributing about 65%-70% of daily revenue for encryption protocols in October, primarily from interest income derived from low-risk assets such as US Treasuries. Bitcoin and Ethereum fell approximately 11.5% and 16.4% respectively that month.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale Sells 1,323 ETH at Loss After Two-Month Hold
Gate News message, a whale sold 1,323 ETH for $2.7 million USDC at a price of $2,041, incurring a loss of $1.28 million after holding the assets for 2 months. The whale initially withdrew 1,327.48 ETH valued at $3.99 million from CEX and currently holds 5.76 ETH worth $11.8K. Address: 0x3511BF7472Ef
GateNews15m ago
Yesterday, Ethereum spot ETFs had net outflows of $71.1688 million, with BlackRock’s ETHA seeing outflows of $46.6635 million.
On April 2, the total net outflow from Ethereum spot ETFs was $71,168,800, including a outflow of $46,663,500 from BlackRock’s ETHA and an outflow of $16,803,900 from Grayscale’s ETHE. The total net assets currently amount to $11.699 billion, with an ETF net asset ratio of 4.69%.
GateNews18m ago
Swing-trading mega whale pension-usdt.eth added 41 million US dollars worth yesterday. ETH short positions; the total short position size is 107.5 million US dollars.
Gate News message: On April 3, according to monitoring by The Data Nerd, the swing-trading whale pension-usdt.eth yesterday (April 2) increased its ETH short position by $41 million using 3x leverage. It currently holds a total ETH and BTC short position of about $107.5 million.
GateNews20m ago
Erik Voorhees-Linked Whale Adds 396.7 ETH to Holdings
Gate News message, a mysterious whale linked to Erik Voorhees spent 818.7K USDT to purchase 396.7 ETH five hours ago, according to Lookonchain. This whale previously bought 122,355 ETH worth $264.37M. Earlier, the same whale spent 4.35M USDT to acquire 2,103 ETH at $2,069. Over the past two weeks, t
GateNews58m ago
Bitcoin ETF sees another outflow of 174 million, with IBIT leading this round of redemptions
U.S. spot Bitcoin ETF markets have recently seen outflows, with net redemptions of $173.73 million in a single day. These were mainly driven by BlackRock and Fidelity’s two major funds. At the same time, Ethereum ETFs have also experienced mixed outflows, suggesting that capital is rotating among different products. Market sentiment remains uncertain, influenced by geopolitics and policy; meanwhile, institutions’ ongoing accumulation appetite has stayed weak.
MarketWhisper1h ago
