Stablecoin Total Market Capitalization Hits New All-Time High, DeFi TVL Reaches $100 Billion

BlockBeats News, April 18th, with the market rebounding, the cryptocurrency market has shown a series of recovery trends. The total market value of stablecoins has increased by 0.88% in the past week, now at $3,214.08 billion, hitting a new high. Of note, USDT, which has been in a shrinking trend, surged this week with a 1.26% increase in circulation, raising its market dominance to 58.06%.

On the other hand, the total value locked (TVL) in DeFi across all chains has risen to the hundred billion dollar range, now at $996.82 billion. At the same time, DEX trading volume has also increased by 16.27%, with a weekly trading volume of $39.395 billion.