Stablecoin Address Activity Surges: BNB Chain Leads with USDT

IconCryptoNewsTerminal Staff10 Jul, 2024

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Stablecoin Address Activity Surges: BNB Chain Leads with USDT

Crypto market data platform Santiment has released new data revealing a significant increase in address activity on stablecoin networks. According to the data, four of the top ten networks with the most active addresses are stablecoin networks. USDT on BNB Chain leads the pack, followed by Bitcoin, Ethereum, USDT on Ethereum, and USDT on Polygon. USDC on Optimism rounds out the top ten. This surge in stablecoin activity indicates a growing demand for stable assets in the crypto market, particularly on Binance's BNB Chain. The data is compiled based on the number of addresses that recorded at least one transaction per day. This provides a comprehensive view of the most active networks in the crypto space. Market participants should pay attention to these trends to make informed decisions about their investment strategies.

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