Try Quests to earn cryptoStablecoin Utilization and Institutional Adoption: A Two-Year Analysis from Bear Market to Bullish Turnaround (2023-2024)
This dashboard presents a mid-term analysis of the utilization patterns of three major stablecoins—USDT, USDC, and DAI—from January 2023 to August 2024, highlighting three key metrics (monthly TXN count, monthly transfer volume, and average transaction size). The period covers significant transitions in the cryptocurrency market, including the recovery from the 2022 bear market, the anticipation of Bitcoin and Ethereum ETF approvals, and the lead-up to the Bitcoin halving in 2024.