Insights

Tether market cap hits all time high

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Tether’s market cap has just hit an all-time high of $83.2 billion.
However, according to Kaiko’s research, Tether’s trade volume is at multi-year lows; this includes both CEXs and DEXs, which had a daily USDT volume of around $7 billion in May.
Currently, the total market cap of the top 5 stablecoins is $124.2 billion, broken down as follows:

Stablecoins Circulating Supply: (Source: Glassnode)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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