Recently, the stablecoin crisis has caused turmoil in the cryptocurrency market, and the trading volume of decentralized exchanges has increased by nearly 250%, showing people's distrust of centralized stablecoins.

USDC, the second largest stablecoin by market value, fell to a low of $0.87, raising concerns about the heavy dependence of cryptocurrencies on the traditional financial system and the problems of centralized stablecoins. The sudden collapse of SVB has put tremendous pressure on Circle and its stablecoin USDC, highlighting the fragility of cryptocurrencies.

The surge in trading volume on decentralized exchanges shows that people are looking for decentralized solutions. The cryptocurrency field needs more mature and robust market mechanisms to protect investor interests and market stability. #DEX #SVB