Tracking the yield-bearing stablecoin market size from the top 3 players (USDS, USDe, Aave Core USDC/T) with a new @Dune dashboard.
All 3 are roughly the same size now with USDS increasing market share by 12% since the Oct 10th event.
Aave: 9.5b (34.2%)
USDS: 9.4b (33.7%)
USDe: 8.9b (32%)
It's clear the market is growing overall, and market share tends to grow proportionally between Sky and Aave. We will see where Ethena lands, but I'm expecting it to settle out around 6-7b once the Nov PT expires.
3.42K
21
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.