Bitcoin traded above Rs 24 lakh. The market dominance of the world’s largest cryptocurrency dropped 0.09 percent to 45.84 percent over the last day.
Major cryptocurrencies traded in the green early on May 30 as the global crypto market cap rose 4.43 percent to $1.25 trillion over the last day. The total crypto market volume over the last 24 hours rose 4.74 percent to $53.47 billion.
The total volume in DeFi stood at $5.55 billion, 10.37 percent of the total crypto market 24 hour volume. The volume of all stable coins was $45.25 billion, which is 84.62 percent of the total crypto market 24-hour volume.
Meanwhile TRON stablecoin surpasses $600 mn in market cap weeks after launchTRON’s decentralised stablecoin USD (USDD), similar to Terra’s recently crashed TerraUSD (UST) stablecoin, has surpassed $600 million in market capitalisation within weeks of its launch on May 5. Currently, USDD stands at rank 72 in terms of market capitalisation. By comparison, TerraUSD, launched in November 2020, gained a market capitalisation of $150 million in the first four weeks.
As per Tronscan, the total number of TRX burned corresponding to TRON’S decentralised stablecoin, USDD, has crossed 7.2 billion tokens. Meanwhile, TRON blockchain Founder Justin Sun hinted that he’s aiming for the 8 billion TRX burn mark. The total supply of USDD has exceeded over 600 million. With the mint of each USDD, $1 worth of TRX tokens are burned.
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