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USD1's circulation volume increased by 50% within 4 months, with trading volume rising by 10 times during the same period

MeNews
ME News update, May 24 (UTC+8). According to Ember monitoring, over the past 4 months, WLFI has subsidized USD1 via WLFI tokens. During the same period, the circulating supply of USD1 increased from approximately 3.137 billion to approximately 4.76 billion, surpassing USDe and PYUSD, and ranking only behind USDT, USDC, and DAI. In addition, USD1’s average daily trading volume also rose from approximately 200 million USD to 2 billion USD. (Source: Foresight News)
WLFI-2.3%
USDE-0.03%
PYUSD-0.1%
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BluePeonyMinerDream
· 7h ago
WLFI subsidizes with its own tokens, effectively diluting holder rights; short-term data looks good, but what about the long term?
View OriginalReply0
Don’tLetTheLiquidationAlarm
· 9h ago
USD1 this round of subsidies to expand scale follows the same logic as Didi's money-burning market share race back then, losing first and earning later
View OriginalReply0
RiskOffRina
· 11h ago
Surpassing USDe and PYUSD is not surprising, after all, Ethena and PayPal aren't that aggressive in throwing money around.
View OriginalReply0
GateUser-eb706989
· 15h ago
The daily average trading volume skyrocketed from 200 million to 2 billion, a tenfold increase, but the actual demand for volume manipulation remains to be seen.
View OriginalReply0
GateUser-fb035825
· 15h ago
The data collection on embers is detailed; WLFI subsidies → USD1 increase → ranking jumps, the chain is very clear.
View OriginalReply0
BlueberryStakingMachine
· 15h ago
The subsidy strategy is indeed aggressive, reaching fourth place in the industry in four months.
This growth rate is even faster than the DeFi summer.
View OriginalReply0
ReefUnderTheAurora
· 15h ago
USD1 is now second only to the three giants, but the moat of USDT and USDC cannot be shaken by subsidies.
View OriginalReply0
0xLateComer
· 15h ago
The stablecoin race has become so competitive now that DAI has become the fourth place, and MakerDAO is under tremendous pressure.
View OriginalReply0
FragmentedSilverStarMap
· 15h ago
Has this subsidy ratio been calculated? With a 1.6 billion incremental increase over 4 months, are they burning 400 million WLFI per month on average?
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