Data: WLFI spent $115 million to expand the market for USD1, stablecoin scale increased by 50%, trading volume increased tenfold
According to on-chain analyst Yu Jin's analysis, WLFI has spent over $115 million in 4 months (in the form of WLFI) to expand the market for USD1, including USD1 interest rate subsidies on CEX (such as Binance, Bybit), activity subsidies on Aster, and interest rate subsidies on on-chain lending platforms (Dolomite), among others.
On this basis, the scale of USD1 has increased by 50% (from $3.137 billion to $4.76 billion), rising from 7th to 4th place among dollar stablecoins, surpassing USDe and PYUSD, and now only behind USDT, USDC, and DAI. The trading volume of USD1 has increased tenfold, from an average daily trading volume of $200 million before the subsidies to the current average daily trading volume of $2 billion. Benefiting from the subsidies, users are attracted to hold and trade USD1, and there is support for USD1 as margin trading on CEX and Perp DEX.
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