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Ethereum USDT On-Chain Volume Breaks $100 Billion

Ethereum USDT On-Chain Volume Breaks $100 Billion
Tether (USDT) keeps building up momentum on the Ethereum network, potentially creating new flows to and from exchanges. While the supply of USDT remains without change, the velocity of coins increases mostly based on the Ethereum network flows.

Ethereum USDT Transfers Boost Market Liquidity
The total USDT transfer volumes on the Ethereum network just surpassed $100 billion for the first time, up 6,000% since the start of 2019 according to Glass Node .
The Omni-layer USDT is slowing down and is being exchanged to the ERC-20 type once it passes through some of the leading crypto-to-crypto exchanges. At this point, USDT is much harder to track, with even more active transactions.


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