Sui Leads with $2.4 Billion Stablecoin Supply Inflow in 24 Hours
Blockchain analytics platform Artemis reports Sui’s $2.4 billion net stablecoin inflow, marking the largest daily gain among major networks.
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Summary
Data from blockchain analytics firm Artemis indicates that Sui recorded a $2.4 billion net inflow in its stablecoin supply in the past 24 hours, leading other major blockchain networks in daily inflows. Aptos and Ethereum followed in stablecoin supply growth during the same period.
Terms & Concepts
- Stablecoin: A cryptocurrency pegged to a stable asset like the U.S. dollar, designed to minimize price volatility.
- Net Inflow: The total amount of assets entering a network or fund after subtracting outflows, indicating increased holdings or liquidity.
- Artemis: A blockchain analytics platform providing data on network activity and cryptocurrency market trends.