The velocity of deposits to @katana has increased with over $135M deposited. But the TVL this represents isn't the important part. It is the split of assets:
đź’µ over 50% in stablecoins
Ξ over 25% in ETH
â‚ż less than 25% in BTC
This split is consistent with the value that each of the assets drives in a DeFi ecosystem.
I suspect that at some point a significant amount of BTC will be deposited that throws off this mix but I expect it to be temporary and show interest that attracts even more stablecoins.
@AvengerAli @katana But krate deposits haven't moved much. This is mainly turtle club deposits.
4
4.09K
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.