Stablecoin Market Cap Rises $549 Million in Week Ended May 17
Stablecoin inflows slowed to $549 million during the week of May 11–17. Institutional purchases of Bitcoin and Ethereum continued at elevated levels.
finance.yahoo.comStablecoin inflows slowed to $549 million for the week ended May 17, according to data compiled by @lookonchain. The total stablecoin market capitalization increased by that amount during the period. Spot and perpetual futures trading volumes on decentralized exchanges declined after the prior week's rebound. Protocol revenue figures were also reported for the same interval.
93 billion. 01 billion at an average price of $80,985. 66 million. The purchases occurred during the same seven-day period covered by the report.
Key Facts
Potential Impact
- 01
Higher institutional Bitcoin holdings may reduce available supply on exchanges.
- 02
Continued stablecoin inflows could support liquidity in decentralized trading.
Transparency Panel
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