News Article Translation:
Compared to Visa, a major payment giant, and Allium, a blockchain data provider, data shows that over 90% of stablecoin transactions on the Ethereum, Tron, and Solana blockchains occur without human involvement. Instead, these transactions are driven by smart contracts or robots, which are responsible for almost all stablecoin arbitrage, liquidity supply, and market-making activities. These transactions fall under the category of “inorganic activity.”
According to Visa’s report, on Sunday, May 5th, they processed $51.6 billion worth of stablecoin transactions. However, when adjusted to eliminate inorganic activity, this number dropped drastically to $4.6 billion.
Analysts say, “For example, developers can create automated robot programs to perform activities such as stablecoin arbitrage, liquidity provision, and market-making. These activities are crucial for maintaining a thriving decentralized finance (DeFi) ecosystem. However, the on-chain transactions generated from interacting with these automated programs are not settlements in the traditional sense.”
Tags:
Solana
Tron
Visa
Ethereum
Smart Contracts
Robots
Source link:
https://decrypt.co/229515/stablecoin-transactions-inorganic-bots-ethereum-tron…
Disclaimer: All articles from Bitpush represent the author’s viewpoint and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6676534
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