ban nguyen
@crypto2471
The supply of stablecoins on the Avalanche network has increased to $2.5 billion, rising over 70% in just one year. However, the price of AVAX has dropped nearly 60%. According to experts from IntoTheBlock, most of this stablecoin supply may be "lying dormant" in the form of reserves, rather than being utilized in DeFi activities such as lending and swapping. Therefore, it does not create actual demand for AVAX (used for gas fees and collateral).
0 reply
0 recast
0 reaction