Analysis: Stablecoin exchange activity since Black Thursday
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Quick Take
- Since Mar 12, or ‘Black Thursday,’ the number of stablecoins held on centralized exchanges in our sample has increased by 130%
- DAI+SAI has the lowest percentage of its supply on exchanges. Approximately 2.1% of its supply is on exchanges, whereas the next lowest is Paxos at 16.7%
- The day after Black Thursday (Mar 13) was the first time in over ten months that the exchange net flow of all stablecoins was positive
The Block has analyzed the exchange activity of stablecoins.
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