🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Ether Square overtakes USDT hegemony for the first time in 2 years, surpassing TRON. Is Ethercoin ready To The Moon?
The market landscape has undergone a groundbreaking transformation, Ethereum returns to the throne!
In the latest update in the stablecoin market, Ethereum has reclaimed its leading position from TRON in terms of USDT Stable Coin, surpassing TRON for the first time in two years. As of now, Ethereum's blockchain has accommodated 66.6936 billion USDT, compared to TRON's 61.77 billion, indicating a subtle shift in the market landscape. This year, Ethereum's USDT supply has increased by nearly 62%, far exceeding TRON's moderate growth of 24.4%.
Specifically, the blockchain battle occurred on November 21, when Ethereum first regained its dominant position since August 2022. According to DefiLlama data, Ethereum's $USDT supply grew by 9.3%, while Tron's decreased by 1.5% during the same period. Of particular note, on November 23, Ethereum minted 2 billion $USDT, compared to Tron's minting of only 1 billion.
Source: DefiLlama Ethereum's $USDT supply surpasses TRON
Bull run atmosphere boosts stablecoin demand
This dramatic growth in the supply of $USDT is mainly due to the bullish sentiment in the cryptocurrency market in recent times. As BTC breaks through its historical high, the interest of institutions and retail investors has been reignited. What is worth following is the continued fermentation of market expectations for spot BTC ETF, which is widely regarded as a key channel for institutional capital entry. Against this backdrop, $USDT, as the capital flow foundation of the encryption ecosystem, has seen a surge in demand.
Currently, the total supply of $USDT has reached a historical high of $132.9 billion. This figure not only reflects the increasingly important position of Stable Coin in the crypto market but also serves as a bullish signal. According to CoinGecko data, among numerous Stable Coins, $USDT is far ahead with a market cap of $132.5 billion, while the market cap of $USDC is only $38.6 billion. It is worth mentioning that Tether announced on October 7th that it has reached 350 million users, accounting for about 4.2% of the global population, indicating that there is still significant growth potential in the Stable Coin market.
Image Source: CoinGecko Comparison of Market Capitalization of Major Stablecoins
The Battle between Two Blockchain Giants: The Struggle for Dominance
Despite Ethereum regaining its lead in $USDT supply, TRON still plays a pivotal role. With low transaction fees and fast transactions, TRON remains competitive in regions with strong demand for remittances. Ethereum stands out for its ability to tokenize dollar-backed physical assets in Financial Institutions, making it the preferred choice for institutional investors.
Another interesting phenomenon in the blockchain ecosystem is that Ethereum also dominates the $USDC stablecoin industry. Currently, Ethereum hosts $26.1 billion of $USDC, accounting for 67.62% of its total market value. In contrast, TRON's performance in the $USDC industry is relatively weak, mainly because Circle and CoinAn decided earlier this year to stop supporting $USDC on TRON.
Source: DefiLlama Ethereum's $USDC supply accounts for 67.62% of the total
Looking ahead, Ether will leverage its advantages in Decentralized Finance innovation and institutional adoption, while TRON focuses on transaction efficiency. The two will play complementary roles in the cryptocurrency ecosystem. This blockchain competition not only reflects the evolution of technology, but also demonstrates the maturity of the encryption market. As institutional interest continues to rise, Ether's retaking of the USDT dominant position may only be the beginning, and the future cryptocurrency landscape will be even more fascinating.
【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.
'Ether Square recaptured the USDT dominance! For the first time in 2 years, it surpassed TRON. Is Ethercoin ready to go To The Moon?' This article was first published in 'encryption city'.