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StandX DUSD/USDT Pair Tops PancakeSwap TVL with $129 Million

StandX's DUSD/USDT stablecoin pair has surpassed USDC/USDT as the largest TVL pool on PancakeSwap, reflecting a significant surge in activity and adoption on the BNB Chain ecosystem.

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Summary

StandX’s DUSD/USDT stablecoin pair has become the largest TVL pool on PancakeSwap, with $129 million in total value locked. The pair saw rapid growth, tripling in size within a week, and achieved $82.11 million in daily trading volume and $439 million in seven-day trading volume.

Terms & Concepts
  • Perpetual Contract DEX: A decentralized exchange offering perpetual contract trading, enabling users to trade without expiration dates.
  • TVL (Total Value Locked): The total value of assets deposited in a DeFi protocol, indicating user engagement and capital commitment.
  • Stablecoin Pair: A trading pair composed of two stablecoins, typically pegged to fiat currency, used to reduce volatility in transactions.