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Understanding the Dominance of Tether’s USDT

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Stablecoins have become an essential part of the blockchain space, offering stability in a highly volatile market. Although there are dozens of stablecoins with different collateral available to investors today, Tether’s USDT remains the to-go choice for most crypto users.

In this article, we explore the importance of stablecoins, focusing on USDT and its unconditional dominance.

The Need for Stability

Stablecoins are digital assets designed to maintain a stable value by being pegged to a reserve asset, such as the US dollar, euro, or even commodities like gold. They achieve this stability through various mechanisms, including fiat-collateralized, crypto-collateralized, and algorithmic stablecoins. Fiat-collateralized stablecoins, the most common type, back each token issued with reserves of the corresponding fiat currency, ensuring support by a real-world asset.

While many crypto investors enjoy a bit of volatility, the level seen in most crypto assets can make it difficult to use them for payments or trading. Stablecoins address this issue by offering a stable and reliable alternative, facilitating their use in a wide range of applications, including base trading pairs, remittances, and decentralized finance (DeFi).

This has resulted in substantial growth for stablecoins, now boasting a combined market capitalization of $161 billion. The chart below highlights this significant increase, which began in 2020.

Read more: How to Buy USDT in Three Easy Steps – A Beginner’s Guide

Stablecoins market cap
Stablecoins Market Cap. Source: IntoTheBlock

“While some of this growth is due to the rising interest in cryptocurrencies, it is primarily driven by the growing importance of DeFi and the crucial role stablecoins play in DeFi primitives like lending protocols and automated market makers (AMMs),” Vincent Maliepaard, Marketing Director at IntoTheBlock, told BeInCrypto.

USDT: The Undisputed Market Leader

Despite strong competition, Tether (USDT) has established itself as the most important stablecoin in the cryptocurrency market. Launched in 2014, USDT is pegged to the US dollar, with each token purportedly backed by an equivalent amount of fiat currency held in reserve.

Data from IntoTheBlock shows that USDT, with a market cap of $111 billion, accounts for just over 70% of the total stablecoin market capitalization. In contrast, the second largest stablecoin, USDC, accounts for just 21%. 

Read more: 9 Best Crypto Wallets to Store Tether (USDT)

Stablecoins Comparison
Stablecoins Comparison by Market Cap. Source: IntoTheBlock

Furthermore, there is no sign that this growth is slowing down soon. The number of USDT transactions has significantly increased since the start of the year and is approaching new highs.

Number of USDT transactions
Number of USDT Transactions. Source: IntoTheBlock

Maliepaard notes USDT’s dominance is attributed to several factors:

  • Liquidity and Accessibility: USDT boasts the highest trading volume among stablecoins and is available on most centralized and decentralized exchanges as a base trading pair.
  • Integration with DeFi: Many DeFi protocols and platforms use USDT for transactions, lending, and borrowing, enabling participation without exposure to price volatility.
  • Cross-Border Transactions: USDT facilitates fast and cost-effective cross-border transactions, offering an efficient alternative to traditional banking systems.
  • Stable Store of Value: In regions experiencing hyperinflation or economic instability, USDT offers a reliable store of value.

Comparing Usage of USDT Across Different Chains

While USDT activity is booming across all chains, not all are created equal. Data suggests that users utilize stablecoins differently across various networks. By examining their behavior on different chains, we can see how USDT is utilized in diverse ways. Whether it’s for trading, transferring value, or acting as a stable store of value, USDT’s versatility is evident.

TRON Dominates USDT Transactions

TRON leads in transaction volume with a dominant 78% share. The chart below highlights its superiority compared to other blockchain networks.

This prominence is primarily due to TRON’s low transaction costs and high availability for deposits and withdrawals on major centralized exchanges, making it the preferred option for cross-border Tether’s USDT transactions. Surprisingly, the runner-up isn’t Ethereum but Polygon, which has over 8% of the total USDT transactions.

USDT market share by chain
USDT Market Share by Chain. Source: IntoTheBlock

Transaction Volume Comparison

Examining the stablecoin’s volume market share reveals that Ethereum’s transaction volume far exceeds its number of transactions, highlighting its role in facilitating higher-value transfers. In contrast, chains like Polygon, Optimism, and Avalanche have a higher number of transactions but contribute less to the overall volume, indicating their use for smaller, more frequent transactions.

USDT onchain volume
USDT On-chain Volume Market Share. Source: IntoTheBlock

Holding vs. Transacting

The average holding time of USDT on each chain further supports this finding. Data shows that Ethereum users typically keep USDT for 228 days, nearly three times longer than holders on Optimism. TRON addresses also maintain USDT for an extended period, averaging 183 days.

USDT holding time
Average holding time. Source: IntoTheBlock

These insights indicate that on Ethereum and TRON, USDT is primarily held to mitigate market volatility, serving as a stable store of value. Conversely, on chains like Optimism and Arbitrum, USDT is frequently used for transactions, likely in DeFi-related applications where quick access to liquidity and transfer speed are crucial.

The Future of USDT

Stablecoins, particularly USDT, play a vital role in the blockchain industry by providing stability and enhancing the utility of digital assets. The recent growth of USDT across various blockchain networks solidifies its position in the cryptocurrency market. As the industry widens, the importance of stablecoins will likely grow, driven by their role in DeFi, trading, and bridging the gap between traditional finance and blockchain.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Cardano (ADA) Whales Hit 2-Year Low as Key Support Retested

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Cardano (ADA) is facing mounting pressure as its price corrects by 10% over the past seven days, continuing a broader downtrend that has kept it trading below the $1 mark for nearly a month. With technical indicators flashing warning signs and large holders exiting their positions, concerns around ADA’s short-term stability are growing.

The recent rejection at higher resistance levels and a strong directional trend signal suggest that bearish momentum is far from over. As the $0.64 support level is tested once again, ADA’s next move could determine whether a rebound is possible—or if further downside is ahead.

Cardano ADX Shows The Downtrend Is Very Strong

Cardano’s Average Directional Index (ADX) is currently at 40.19, rising sharply from 15.83 just four days ago. This steep increase suggests a rapid strengthening in the trend’s momentum.

Given that ADA is currently in a downtrend, the rising ADX indicates that bearish momentum is intensifying and the current downward move is gaining traction.

ADA ADX.
ADA ADX. Source: TradingView.

The ADX is a trend strength indicator that measures how strong a trend is, regardless of its direction. It ranges from 0 to 100, with readings below 20 typically indicating a weak or non-existent trend, while values above 25 suggest a strong trend is in place.

Cardano’s ADX climbing above 40 confirms that the current downtrend is active and becoming stronger. If this trend continues, it may point to further downside pressure unless a shift in momentum begins to build from the bulls.

ADA Whales Dropped To Their Lowest Level Since February 2023

The number of Cardano whales—wallets holding between 1 million and 10 million ADA—has dropped to 2,406, down from 2,421 just four days ago.

This decline brings the whale count to its lowest level since February 2023, marking a potentially meaningful shift in large-holder behavior. These movements are worth paying attention to, as changes in whale holdings often precede broader market trends.

Tracking whales is important because these large holders can significantly influence price action through their buying or selling decisions. A decline in whale numbers can signal reduced confidence or capital rotation into other assets.

Addresses Holding Between 1 Million and 10 Million ADA.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.

In Cardano’s case, the drop suggests that some major players may be exiting or reducing exposure, which could add downward pressure to ADA’s price.

If this trend continues, it could weaken investor sentiment and make it harder for ADA to recover in the short term.

Can Cardano Sustain The $0.64 Support Again?

Cardano price recently tested the support level at $0.64 and managed to hold, showing that buyers are still defending that zone. This support has become a key line in the sand for ADA’s short-term outlook.

If the current downtrend is reversed and bullish momentum picks up, the next upside target would be the resistance at $0.69. A breakout above that level could open the door for a push toward $0.77.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView.

Should the rally continue with strength, ADA could aim for $1.02—marking a return above the $1 level for the first time since early March.

However, the $0.64 support remains a critical level to watch. If Cardano tests it again and fails to hold, it could indicate weakening buyer conviction.

A breakdown below $0.64 would likely send ADA toward the next support at $0.58. This would confirm a continuation of the downtrend and possibly trigger further selling pressure.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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This is Why PumpSwap Brings Pump.fun To the Next Level

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Since launching PumpSwap, token launchpad Pump.fun has resumed its position as a top-level protocol by fees and revenue. It saw over $2.62 billion in volume in less than two weeks, signifying high market interest.

Nonetheless, the meme coin sector as a whole has been more volatile than usual lately. PumpSwap is an attractive new option, but it still needs to stand the test of time.

Pump.fun Surges with PumpSwap

Pump.fun, a prominent meme coin creation platform, recently suffered some difficulties in the market. Facing lawsuits and criticism from the industry, the platform’s revenue had been declining in 2025. However, since launching PumpSwap, Pump.fun’s income has rebounded, making it one of the largest protocols by fees and revenue.

Pump.fun Ranking by Fees and Revenue
Pump.fun Ranking by Fees and Revenue. Source: DefiLlama.

PumpSwap is a decentralized exchange on Solana’s blockchain, and it has grown very quickly since its launch less than two weeks ago. It has already managed over $2.62 billion in trade volume, although its daily volume fell over the weekend. Pump.fun’s cofounder spoke highly about PumpSwap, calling it a “crucial step that will help grow the ecosystem.”

PumpSwap Trade Volume
PumpSwap Trade Volume. Source: Dune.

Pump.fun’s overall revenues were declining before it launched PumpSwap, and they have since jumped back up. However, it’s important to not overstate the new exchange’s success. The exchange’s total fees collected have skyrocketed compared to Pump.fun, but the actual revenue growth has been comparatively small.

Pump Fees and Revenues
Pump Fees and Revenues. Source: DefiLlama.

Still, these low fees also have significant advantages. Demand seems to be drying up in the meme coin sector, but Pump.fun faces stiff competition in the form of firms like Raydium, using low fees as a competitive edge. It has also promised things like revenue sharing with token creators to promote ecosystem growth.

Ultimately, the meme coin market as a whole is full of uncertainty. PumpSwap has been able to keep Pump.fun competitive as a top-level platform in this space, giving it a welcome reprieve. The real challenge will come in determining long-term viability.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Hedera (HBAR) Bears Dominate, HBAR Eyes Key $0.15 Level

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Hedera (HBAR) is under pressure, down roughly 13.5% over the past seven days, with its market cap holding at around $7 billion. Recent technical signals point to growing bearish momentum, with both trend and momentum indicators leaning heavily negative.

The price has been hovering near a critical support zone, raising the risk of a breakdown below $0.15 for the first time in months. Unless bulls regain control soon, HBAR could face further losses before any meaningful recovery attempt.

HBAR BBTrend Has Been Turning Heavily Down Since Yesterday

Hedera’s BBTrend indicator has dropped sharply to -10.1, falling from 2.59 just a day ago. This rapid decline signals a strong shift in momentum and suggests that HBAR is experiencing an aggressive downside move.

Such a steep drop often reflects a sudden increase in selling pressure, which can quickly change the asset’s short-term outlook.

The BBTrend, or Bollinger Band Trend, measures the strength and direction of a trend using the position of price relative to the Bollinger Bands. Positive values generally indicate bullish momentum, while negative values point to bearish momentum.

HBAR BBTrend.
HBAR BBTrend. Source: TradingView.

The further the value is from zero, the stronger the trend. HBAR’s BBTrend is now at -10.1, signaling strong bearish momentum.

This suggests that the price is trending lower and doing so with increasing strength, which could lead to further downside unless buyers step in to slow the momentum.

Hedera Ichimoku Cloud Paints a Bearish Picture

Hedera’s Ichimoku Cloud chart reflects a strong bearish structure, with the price action positioned well below both the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen).

This setup indicates that short-term momentum is clearly aligned with the longer-term downtrend.

The price has consistently failed to break above these dynamic resistance levels, signaling continued seller dominance.

HBAR Ichimoku Cloud.
HBAR Ichimoku Cloud. Source: TradingView.

The future cloud is also red and trending downward, suggesting that bearish pressure is expected to persist in the near term.

The span between the Senkou Span A and B lines remains wide, reinforcing the strength of the downtrend. For any potential reversal to gain credibility, HBAR would first need to challenge and break above the Tenkan-sen and Kijun-sen, and eventually push into or above the cloud.

Until then, the current Ichimoku configuration supports a continuation of the bearish outlook.

Can Hedera Fall Below $0.15 Soon?

Hedera price has been hovering around the $0.16 level and is approaching a key support at $0.156.

If this support fails to hold, it could open the door for further downside, potentially pushing HBAR below the $0.15 mark for the first time since November 2024.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView.

However, if HBAR manages to reverse its current trajectory and regain bullish momentum, the first target to watch is the resistance at $0.179.

A breakout above that level could lead to a stronger rally toward $0.20 and, if momentum continues, even reach $0.215. In a more extended bullish scenario, HBAR could climb to $0.25, signaling a full recovery and trend reversal.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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