usdc hit $60b mcap with that quiet 80% yoy growth
solana side looking real nice w $9.7b + 4x over usdt
webull x coinbase partnership coming in june for full stack services
but the real juice? $300m already sitting in base morpho + those 83% aprs on neutron
market share went 20 to 25% but nobody talking about it
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KelseyWeb3VC
#BTC走势与@coolish Discussion Notes 📝
Now the market is too divided, half of the people feel that the superimposed interest rate cut will go up directly, and half of the people feel that everyone has lost all of them, and they are extremely bearish.
💡 I think: the triangle is at the end of the shock, Obv is currently low, but the price is high. So I don't think it's that easy to break through directly.
And at this current position, if you want to pull it to 120,000 again, this shock time is not enough.
!️ Wei Shen thinks: whether this is enough or not, if you add the consideration of variable speed, it is difficult to say. and whether it is enough to go up to draw the door, and whether it is enough to maintain, are two standards of whether it is enough or not.
If you look at BTCUSDT, or BTC/IXIC, there has been an obvious parabolic structure since 2017, and the difficulty of this parabola is "in addition to spring, summer, autumn and winter, there is also global warming", and this "iterative change of game version" and "global and local speed change" are the core difficulty sources of trading #BTC
If you use some carved boat perspectives, it will not work to carve the boat rigidly, and you need to draw inferences from one case and carve the boat creatively.
This kind of parabola is why many people like to use the log chart to see the long-term trend to draw a sloping channel/trend line, but I think that the log normalize algorithm itself and the parabola of the #BTC trend directly lack some first-principles level of correlation, that is, "There are many kinds of normalize algorithms, why choose this?" And the error will be very large after the log, so I don't look at the log graph.
This parabolic structure can be seen on both gold and the NASDAQ, and the plate is big enough to be typical enough, which is a good learning material
💡 I think: but there is a problem that everyone has ignored at present, as shown in Figure 1 below, the Nasdaq gap white line, and the possibility of stepping back next week is very high. I mean, last week the weekly line was pulled into place.
!️ Wei Shen: For example, on December 5, 2024, when we talk about BTC, we can understand the meaning of this "time required for shorting": "It's just ATH, if you are short, you can take profit, you don't need to short." Every time the ATH is refreshed, the time suitable for shorting should be postponed by at least 1 month. Because it takes a month to do the top. ”
Therefore, if we evaluate the probability of filling the gap, then if we also fill the gap at the weekly level, I think the probability of being later than next week or even later than next week is greater than next week. The time required is directly proportional to the time and intensity of the previous one.
See Figure 2: The top on the left is more suitable for taking profit, and the top on the right is more suitable for shorting. It took more than a month. It's because the previous game has been done for almost a year, and it has just finished rising to a large-scale main rising wave of 100 days that continues to refresh heights. To use a more figurative and anthropomorphic language, it is that the more "rare" the situation in front is, the longer it will take to reverse the head.
💡 I think: there's not much room up there, you have to go down, and I don't know when you'll get there. But the upward profit and loss ratio is very small. This one is not the top. It's the stage high. The trend is still upward, but it has to be fully consolidated downward before it rises
Summary: In fact, it is a question of callbacks and breakouts, since they are all bullish, it is good to use different strategies to deal with different situations. Embrace change.
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Yei Finance
Have you already migrated your IBC Bridged USDT positions to USDT0? 🕵️♂️
Rewards, markets, and integrations on Sei are built around USDT0.
Migrate today!
🛸🛸🛸
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Jeremy
BTC is currently at $103,858.07
ETH is currently at $2,505.47
SOL is currently at $171.28
XRP is currently at $2.39
BNB is currently at $645.81
SUI is currently at $3.83
USDT is currently at $1.00
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币世王
After USDT, USDC also came to TRON!
The most important week for stablecoins is happening at TRON!
In the last 7 days alone, USDT + USDC has gained a net of $1.74B on TRON! Up to $1B of that is USDC mint!
That's right, USDC is accelerating the deployment of TRON, what does that mean?
▰▰▰▰▰▰
TRON is the home of stablecoins, and it's not just USDT!
In the past, everyone said TRC20 USDT, and now, USDC is also here. And it's not a quiz, it's a direct minting of a billion dollars!
As you can see from the chart, the amount of TRON minting far exceeds that of all other public chains!
That's 3x more than the second-ranked Hyperliquid, 2.3x more than ETH, and even in the same cycle, Solana had a net outflow of $1.3 billion!
The exodus of funds from other public chains is a trend that users vote and stablecoins choose the most pragmatic network instead of the most expensive network!
▰▰▰▰▰▰
Why are stablecoins loving TRON more and more?
I think it is inseparable from these points:
1. Cost advantage
Save dozens of times more gas than the ETH chain
2. Casting experience
USDC/USDT is minted and circulated on TRON with almost no delay
3. Network security
There have been no major accidents for many years, and it has become the preferred chain for cross-border payment
And it's time for Circle to realize these values!
▰▰▰▰▰▰
The industry is moving on to TRON!
Stablecoins are encrypted dollar systems, and whoever can carry it will have the initiative in the industry!
The meaning of TRON has changed from a chain to a carrying layer of stablecoin value~
This data is the beginning, not the end!
Imagine when:
RWA projects deploy TRON by default
Mainstream payment providers support TRON-USDC
The USDC-USDT stablecoin exchange bridge was opened
▰▰▰▰▰▰
summary
TRON never tells a story, but a chain that takes all the infrastructure to the extreme! After USDT, USDC also came. The main battlefield of stablecoins has been fully switched to TRON!
@justinsuntron @trondaoCN #TRONEcoStar #TRON
The current price of Tether is $1.0002. Since 00:00 UTC, Tether has decreased by -0.01%. It currently has a circulating supply of 151,211,085,032 USDT and a maximum supply of 151,211,085,032 USDT, giving it a fully diluted market cap of $151.24B. At present, the Tether coin holds the 0 position in market cap rankings. The Tether/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Tether (USDT) is the world's first and most widely used stablecoin and the third-largest cryptocurrency by market cap. USDT is an Ethereum-based, asset-backed, stablecoin pegged to the US dollar. Hence, Tether's value is meant to remain consistently close to 1 USD.
Initially called Realcoin, Tether was launched in 2014 by Reeve Collins, Craig Sellars, and Brock Pierce. USDT tokens are issued by Tether Limited, a company controlled by Bitfinex, and can theoretically be redeemed at any time for an equivalent amount.
How does Tether work
Tether was initially built on top of the Bitcoin blockchain, but its network has now been expanded to run on over ten different blockchain protocols, including Ethereum (ETH), Tron (TRX), and Solana (SOL). Tether was also launched on the Omni layer, a platform for creating and trading assets on the Bitcoin network.
USDT can be minted or destroyed by its issuing company Tether Limited, and more importantly, be quickly and cheaply transferred to individuals over any supporting blockchain network. Whenever new USDT tokens are issued, Tether is meant to allocate the corresponding USD amount to its reserves, in order to ensure that USDT remains fully backed by cash and cash equivalents.
What is Tether used for?
USDT has become popular for trading across major exchanges due to its ease of use and wide acceptance. In most cases, users can also conveniently move their holdings between their Web3 wallets and exchanges.
Tether can also be used to gain some level of exposure to the US dollar. Tether Limited publishes a daily report on the value of its reserves and has quarterly assurance opinions issued by external accountants.
USDT developments
In an updated statement, Tether revealed that USDT tokens are no longer backed entirely by US dollar deposits. Instead, Tether is allegedly backed by reserves, including traditional currency, cash equivalents, short-term deposits, commercial papers, US treasury bills, corporate bonds, secured loans, precious metals, corporate funds, and more.
In January 2021, Tether Limited minted a record 2 billion USDT tokens in a single week. This came during tremendous growth in the crypto markets. The growing interest in USDT was due to several reasons, including an increasing lack of trust in the traditional financial system and rising institutional interest in cryptocurrencies.
In November 2021, USDT launched on the Avalanche platform. Avalanche, launched in 2020, is one of the blockchain industry's fastest and cheapest-to-use smart contracts platforms. The Avalanche-native USDT was first supported by Bitfinex and was said to offer cheaper and quicker USDT transactions.
In April 2022, USDT support was added for the blockchain network Kusama making Kusama the tenth network to support the asset-backed stablecoin. This represented a milestone for Kusama and an especially significant one for USDT. Kusama is a decentralized network of specialized, parallel blockchains closely related to the much more extensive Polkadot network and is often referred to as Polkadot's Canary network.
In May 2022, USDT was launched on the Polygon network. Polygon is an Ethereum scaling solution, also known as a sidechain or Layer-2 network, known for charging significantly lower transaction fees and being faster than its main network, Ethereum. At the time, Polygon had processed over $1.6 billion in transactions, had over $5 billion in locked value, and had more than 19,000 decentralized apps (DApps) running on it. Polygon is the 11th blockchain network that USDT was launched on.
Tether's expansion continued during 2023 with key partnerships such as that with Argentinian crypto payments provider KriptonMarket. The partnership supports USDT transactions at the Central Market of Buenos Aires, allowing customers to pay for goods using USDT. The collaboration also allows vendors to pay a portion of their employees' salaries in the stablecoin.
On August 12, 2024, USDT reached a new record market cap of $115 billion, on its way to capturing a 70% share of the total stablecoin market. The milestone followed noteworthy growth for the leading stablecoin, with USDT increasing its market cap by more than 40% between September 2023 and August 2024.
In the same month, Tether announced the expansion of USDT to the Aptos blockchain in a move that aimed to improve accessibility to digital currencies globally. The integration of USDT with Aptos brought lower gas fees and high performance to users of the chain, opening the door to wider adoption.
USDT price and tokenomics
Tether Limited controls the minting and burning of USDT tokens. IN theory, when there is demand for USDT, Tether mints new tokens and when USDT is sold, the corresponding number of tokens is burned.
There are about 116.99 billion USDT in circulation as of mid-2024, and USDT has a current total supply of 118 billion. Some USDT tokens are held in reserve by Tether Limited, explaining the gap between the number of tokens in circulation and the number in existence.
USDT has no supply cap, so any number of USDT tokens could potentially be created by Tether Limited, if there is sufficient collateral to back them. Minting new tokens doesn’t erode the value of existing tokens. Likewise, burning USDT tokens doesn’t increase token value.
About the founders
Tether was founded in 2014 by a group of early crypto adopters and Bitcoin enthusiasts passionate about digitizing fiat currencies. Its origins lie in the Mastercoin protocol, based on the Bitcoin blockchain.
Brock Pierce was one of the original members of the Mastercoin Foundation who helped develop and promote Mastercoin. Pierce, Craig Sellars, and Reeve Collins co-founded Tether in 2014, with Mastercoin protocol as its technological foundation.
Tether's precursor, "Realcoin," was announced in July 2014, and the first tokens were issued in October 2014. The project was renamed Tether in November of that year, alongside an announcement of entering the private beta phase, with three currencies: USTether (for USD), EuroTether (for EUR), and YenTether (for JPY).
Brock Pierce is a widely known entrepreneur and co-founder of multiple high-profile entertainment and crypto projects, including Blockchain Capital and Block.one, the company that created the EOS blockchain. He also served as Director of a non-profit organization called Bitcoin Foundation, created to improve and promote Bitcoin.
Reeve Collins is also a serial entrepreneur who had already co-founded successful companies like Traffic Marketplace, RedLever, and Pala Interactive. On the other hand, Craig Sellars has been an active member of the Omni Foundation and associated with multiple organizations, including Bitfinex, Synereo, MaidSafe Foundation, and Factom.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.6K new posts about Tether, driven by 1.8K contributors, and total online engagement reached 760K social interactions. The sentiment score for Tether currently stands at 80%. Compared to all cryptocurrencies, post volume for Tether currently ranks at 1920. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Tether.
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Sentiment
80%
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X
Posts
1,404
Interactions
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Sentiment
77%
Tether FAQ
How much is 1 Tether worth today?
Currently, one Tether is worth $1.0002. For answers and insight into Tether's price action, you're in the right place. Explore the latest Tether charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Tether, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tether have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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