USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

According to crypto market data tool Messari, Circles USDC published $1.1 billion in day-to-day real volume on the Ethereum network on June 21, which was double USDTs real volume of $579 million.Messaris real volume metric is calculated by compiling information only from exchanges that it believes have “considerable and genuine crypto trading volumes” and hence differs to the more-commonly seen “overall volume” metric. Exchanges included in Messaris Real Volume metric consist of Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, Poloniex, and those tracked on OnChainFX.24 hr Real Volume for USDT on Ethereum. It is not known how much of the volume is due to USDT being employed in wash trading to either pump up the numbers for exchanges or coins, which is why the imperfect real volume metric was developed.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami