⚡ USDT and USDC take different steps after FTX and SVB crisi | SonnyYu on Binance Square

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⚡ USDT and USDC take different steps after FTX and SVB crisis.#crypto 

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⚡After experiencing a surge in popularity towards the end of 2021, the monthly trade volume for the leading Play-to-Earn (P2E) tokens has undergone a significant decline, plummeting by almost 99% to a mere $3 billion in June 2023.

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⚡ Addresses holding at least 1 full bitcoin reached a new All-Time High

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⚡Smart contracts deployed on layer 2 (L2) blockchains such as Optimism, Arbitrum, and sidechains like Polygon have witnessed an astounding 1106% year-over-year growth when compared to Q2 2022. ⚡Furthermore, there has been a remarkable 302% increase quarter-over-quarter in comparison to Q1 2023.

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C⚡urve's 3pool and Uniswap V3's primary USDT-USDC pool experienced imbalances leading into the weekend due to escalated USDT selling. Interestingly, this trend initiated in mid-July, with a net selling of $100 million on Uniswap from July 15 to July 22. 🔥Although the net selling subsided in the final weeks of July, it resurged on July 31, following the Curve exploit. It's worth noting that these two occurrences appear to be unrelated.

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