Based on Jinse, the so-called 'monetary premium' of L1 tokens is rapidly disappearing as users increasingly prefer stablecoins for on-chain transactions. The article explains that while L1 tokens like ETH and SOL once served as dominant transactional mediums, stablecoins such as USDC and USDT are now surpassing them in volume and usage across major platforms like Uniswap and Solana. The shift is attributed to improved liquidity and user experience, with stablecoins becoming the preferred medium of exchange in blockchain ecosystems.
L1 Token 'Monetary Premium' Is Fading as Stablecoins Gain Ground
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