Analysis: Stablecoin supply in the past week reached its highest point since January 2022, and the number of daily transfers hit a new high

According to Artemis data shared by on-chain analyst Peter Schroeder on X, cryptocurrency activity has picked up over the past week, with:

1. DeFi transaction volume hit a high since March 2023 on August 5, which was also the fourth most active day in the DeFi field in the past three years;

2. Bridge transaction volume also hit the highest single-day record since March 2023; Circle's CCTP dominated, accounting for 35% of bridge activity;

3. Perpetual contract trading volume reached its highest level since March 2023, and it was also the third highest trading day in the past year;

4. The number of stablecoin transfers hit a record high on August 5;

5. The supply of stablecoins has reached its highest level since January 2022, currently at $165.333 billion, with USDT accounting for 69.82%. #DYOR42711