#stablecoin#USDT#USDC #BUSD
Data meaning:
1. Net inflow, which means that funds are entering the market, which is a positive trend
2. Net outflow, which means that funds are flowing out of the market, which is a bearish trend
3. The monthly average month-on-month bar chart represents the month-on-month increase ratio of funds. A positive ratio and a larger value represent a faster month-on-month inflow of funds, which is a positive trend; a negative ratio and a smaller value represent a faster month-on-month outflow of funds, which is a negative trend.
Tracking period: Update the data of the previous 7 days every Tuesday
Last week's data:
Market value fluctuations last week: fluctuated between 130.12 billion and 130.897 billion (fluctuation value 777 million)
Month-on-month average: Net outflow, weakening
Weekly average: the average of the previous week was 1315.11, the average of last week was 1304.72, the weekly average month-on-month increase: -0.79%
Monthly average month-on-month bar chart:
Mcap/TVL
Mcap/TVL is the ratio of the total market value of stablecoins to TVL, which reflects the utilization rate of funds of stablecoins on the chain.
The higher the utilization rate, the smaller the Mcap/TVL ratio, which means that the market sentiment tends to be optimistic;
The lower the utilization rate, the larger the Mcap/TVL ratio, which means that market sentiment tends to be pessimistic.
Mcap/TVL current value (December 5): 2.29, tends to be pessimistic, week-on-week increase: -4.18%
From the monthly average month-on-month bar chart, we can see that the outflow rate of funds is gradually weakening. The on-chain TVL also increased from 59.9 billion last week to 61.7 billion last week, an increase of 1.76 billion. However, Mcap/TVL>2.0, the overall market still tends to be pessimistic.