#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 130.366 billion and 130.057 billion (fluctuation value 309 million)
Weekly average: the average of the previous week was 1304.72, the average of last week was 1301.59, the weekly average month-on-month increase: -0.24%
Month-on-month average: net outflow, strengthening
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 12): 2.32, tends to be pessimistic, week-on-week increase: 1.31%
From the monthly average month-on-month bar chart, we can see that stablecoins still maintained a net outflow trend last week. And the on-chain TVL also decreased from 61.75 billion last week to 60.89 billion, a decrease of 860 million, resulting in an increase in Mcap/TVL. Overall, the current market is still in a deep bear pessimism.