According to Ember Monitoring, as of May 24 (UTC+8), WLFI has subsidized USD1 via WLFI tokens over the past four months. During this period, USD1’s circulating supply increased from approximately 3.137 billion to about 4.76 billion, surpassing USDe and PYUSD and ranking third behind USDT, USDC, and DAI. Additionally, USD1’s daily trading volume rose from around $200 million to $2 billion. (Source: Foresight News)
USD1 circulation increases by 50% in four months, trading volume surpasses 10x
KuCoinFlashShare
Summary
USD1 trading volume has surged tenfold in four months, reaching $2 billion daily. Circulation increased by 50% to 476 million, surpassing USDe and PYUSD to rank fourth. Growth was driven by transaction volume and token incentives from WLFI. The initial supply was 313.7 million.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.