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Ethereum News March 7, 2023

Data: The inflow of Ethereum L2 stablecoin funds in the past 7 days exceeded 2 billion US dollars

DeFillama data shows that in the past 7 days, the stablecoin funds flowing into Ethereum L2 exceeded 2 billion U.S. dollars, an increase of more than 5%.

In terms of Arbitrum, the total inflow of stablecoins on the network in February was about 300 million US dollars, and the average daily inflow exceeded 10 million US dollars. USDC accounted for 67% of the total value of all stablecoins on the Arbitrum chain with 968.63 million US dollars. Tether and DAI The total value is about 394.81 million US dollars. In addition, the Arbitrum network transaction volume reached 690,000 in February, setting a record high.

In terms of Optimism, since the beginning of March, the inflow of network stablecoins reached 669.11 million US dollars, an increase of 4.89%. USDC accounted for 67% of the total value of all stablecoins on the Optimism chain with 364.56 million US dollars. The total value of sUSD and USDT is about 145.77 million Dollar.

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