Ethereum Traders Made $17 Billion in August - Here's the Secret Behind Their Success
Key Points
- Ethereum dominates the stablecoin market with a 57% share an...
Ethereum just pulled off the financial equivalent of showing up to a potluck with a five-course meal while everyone else brought chips. The blockchain added over $17 billion to its stablecoin supply in August alone—more than all its competitors combined managed to scrape together.
With a commanding 57% market share in stablecoins, Ethereum has essentially become the cool kid that everyone wants to sit with at lunch. The total stablecoin supply on the network has doubled since early 2024, hitting an all-time high of around $165 billion. That's the kind of growth that makes venture capitalists ...
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