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The total market value of stablecoins reaches a new high, and DeFi TVL rebounds to hundreds of billions of dollars.
Mars Finance News, April 18 — As the market recovers, a series of cryptocurrency indices have shown an upward trend. The total market capitalization of stablecoins increased by 0.88% over the past week, now standing at $321.41B, reaching a new high. Notably, USDT, which had been in a contraction phase, made a move this week, with circulation increasing by 1.26% and market share rising to 58.06%. On the other hand, the total value locked (TVL) in DeFi across the entire network has rebounded to the hundred-billion-dollar range, currently at $99.68B. During the same period, DEX trading volume also grew by 16.27%, with weekly trading volume reaching $39.4B.