Stablecoin volume on the Ethereum [ETH] blockchain has dropped from $84 billion to $40 billion, according to data from CryptoQuant. When the
blockchain has dropped from $84 billion to $40 billion, according to data from CryptoQuant. When the volume of stablecoins increases, it means that demand for tokens on a blockchain might increase.
Typically, the metric considers UTXOs with at least a lifespan of 155 days. According to Glassnode, Ethereum’s LTH-NUPL was in the belief zone. When the reading of the metric falls into the negative region, it means that a cryptocurrency might have dropped to the bear market.
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