#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 faster capital inflows, which is a positive trend; a negative ratio and a smaller value represent faster capital outflows, 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 129.881 billion and 128.851 billion (fluctuation value 1.03 billion)
Weekly average: the average of the previous week was 1301.59, the average of last week was 1292.42, the weekly average month-on-month increase: -0.07%
Month-on-month average: net outflow, unchanged
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 19): 2.41, tends to be pessimistic, week-on-week increase: 3.88%
From the monthly average month-on-month bar chart, we can see that the main stablecoins still maintained a net outflow trend last week. And the on-chain TVL continued to flow out, from 60.89 billion last week to 58.04 billion last week, with a net outflow of 2.85 billion, mainly caused by the outflow of BUSD. The overall Mcap/TVL continued to grow. The overall pessimistic sentiment is still heavy.