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    Stablecoins on Burrow

    hexagon

    Flipside AI

    Near's DeFi ecosystem demonstrates robust growth with 17,841 unique depositors and $530.1M in total stablecoin deposits over the past 180 days, driven primarily by Tether (USDT), which accounts for $280M (52%) of deposits across 9.7k unique depositors. The platform's weekly deposit activity reveals significant volatility, with depositor counts ranging from 303 to 3,420 and weekly deposit amounts fluctuating between $4.4M and $151.6M, indicating a dynamic and evolving decentralized finance landscape.

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    Users can currently supply and borrow stablecoins through Burrow Finance on the NEAR blockchain.

    The available assets for lending and borrowing include USDC, USDT, FRAX, USDC.e, USDT.e, and DAI.

    In the past 180 days, approximately 17.8k unique wallets have deposited over $530 million worth of stablecoins on Burrow.

    USDT and USDC stand out as the most deposited assets, significantly surpassing the others.

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    Try a quest here:👇

    Supply Stablecoins on Burrow Finance Quest

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.