#stablecoin
Data meaning:
1. Histogram value <0: represents that the MACD line is less than the signal line, indicating a long-term bearish trend
2. Histogram value > 0: It means that the MACD line is greater than the signal line, which is a long-term positive trend.
3. Dark color of histogram: represents month-on-month acceleration, dark green short-term positive trend
4. Light color of histogram: represents month-on-month deceleration, light green represents short-term bearish trend
Last week's data:
USDT supply histogram, after breaking through the 0 axis, continued to rise last week. Currently in a long-term neutral + short-term positive trend
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 (February 27): 1.80, pessimistic sentiment, week-on-week increase: 0.5%
From the perspective of on-chain capital utilization, both Mcap and TVL declined slightly last week, and the overall Mcap/TVL remained basically unchanged month-on-month.
