📉 Binance Research has published a monthly market report showing the continued decline of stablecoins to a low of $123.8 billion.
- Marks 18th consecutive month of decline
- The level of stablecoins has not been seen since September 2021
- Reasons: increased interest rates, etc.
- DeFi sentiment changed significantly in September: ApolloX grew by 450% MoM
- The cryptocurrency market faces increasing uncertainty due to major economic events and the upcoming US government shutdown
- Marks 18th consecutive month of decline
- The level of stablecoins has not been seen since September 2021
- Reasons: increased interest rates, etc.
- DeFi sentiment changed significantly in September: ApolloX grew by 450% MoM
- The cryptocurrency market faces increasing uncertainty due to major economic events and the upcoming US government shutdown