Ether Stablecoin Trading Volume Breaks Monthly Record in April

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Bitget2024/05/05 22:45

The total number of stablecoin transactions on Ether last month was significantly higher than any previous month, but most of the volume was contributed by a single stablecoin, DAI. As The Block previously reported, DAI is increasingly being used for complex MEV transactions, often involving flash loans, where a large portion of DAI is minted and returned in a single transaction. One of these transactions alone added nearly $1 billion in DAI volume.

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