Stablecoin market cap reaches new high, DeFi TVL hits $100 billion

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BlockBeats news, on April 18, as the market rebounded, a series of cryptocurrency indices showed signs of recovery. The total market capitalization of stablecoins increased by 0.88% over the past week, reaching $321.408 billion, a new all-time high. Notably, USDT, which had been contracting previously, gained momentum this week, with its circulating supply rising 1.26% and its market share increasing to 58.06%.


On the other hand, the total value locked (TVL) in DeFi across the entire network has rebounded to the $100 billion range, currently at $99.682 billion. During the same period, DEX trading volume increased by 16.27%, reaching a weekly volume of $39.395 billion.

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