#USDS market cap exceeds $2.1 billion#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed $2.1 billion in market capitalization, ranking fifth among stablecoins and recording a 99% increase in the past month, reaching an all-time high. The rapid growth of USDS has caused a stir in the DeFi space, with its issuance increasing by 99% in the past month and 12.50% year-on-year. USDS's growth is primarily attributed to DAI swaps, with $123 million coming from DAI swaps. The rapid growth of USDS has also pushed the total market capitalization of stablecoins past $209 billion, setting a new all-time high.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed $2.1 billion in market cap, ranking fifth among stablecoins. Its value has nearly doubled in the past month, causing a stir in the DeFi space. According to Defillama data, USDS issuance has increased by 99% in the past month, and by 12.50% year-on-year. USDS's rapid growth is partly attributed to DAI swaps, with $123 million coming from DAI swaps. Currently, USDS's total market cap has surpassed $2.1 billion, with £1.45 billion coming from MakerDAO's TVL. The rapid growth of USDS demonstrates the increasing market demand for stablecoins and Sky's leading position in the DeFi space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDS market cap surpasses $2.1 billion, becoming the fifth-largest stablecoin and growing nearly double in the past month.
USDS's rapid growth is mainly attributed to its issuance growing by 99% in the past month and 12.50% year-on-year.
USDS's growth has caused a stir in the DeFi space, with the majority of its growth coming from DAI swaps, with $123 million coming from DAI swaps.
USDS's growth also reflects the overall growth trend of the stablecoin market, with the total market capitalization of stablecoins surpassing $209 billion, a new record high.