🪙 Number of Ethereum NFT traders falls below 4,000 for first time since June 2021 — link | tl;dr
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📊 USD-backed stablecoin continues to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts.
In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high — link

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🪙 More Uniswap v2 pools are being created on L2s than on Ethereum — link
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*💰 *U.S. spot Bitcoin ETFs saw today +$887.1m net inflows, the largest net inflow day since March 12th and the second highest net inflow day since inception — link
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*📊 *Net deposits on Aave crossed $20 billion — link
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🔵 Approximately 777,000 ETH valued at about $3 billion withdrawn from exchanges following SEC approval of Spot Ethereum ETF

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*📊 *The total value locked (TVL) in onchain derivatives has reached new all time highs at $3.4B, even as the broader DeFi TVL remains approximately 50% off of its previous cycle peak — link

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*💰 *Yesterday, Bitcoin spot ETFs saw $85.7m net outflows — link

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*💰 *Bitcoin volume on exchanges EXPLODES in March, nearly doubling January and February's numbers
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*📊 *Alts market share of volume relative to BTC is back down to 34% after peaking at 53% in Dec — link

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