2026-01-16 18:21:39

In the past month, the pace of ecosystem development on this chain has indeed accelerated. Just this week, the frequent actions by project teams are evident—stablecoin payment channels have been continuously opened, from the launch of LocalPayAsia's USDT to the rapid integration with a leading DEX, and the implementation of Holyheld account features. This coherent deployment approach reminds people of the hot momentum when the mainnet was launched in September last year. At that time, $2 billion worth of stablecoins flooded in instantly, over 100 DeFi projects were launched simultaneously, creating a truly spectacular scene.

From the current on-chain data, the total locked value (TVL) has already reached around $3.36 billion. A closer look at the structure reveals that stablecoins account for 57%, equivalent to $1.92 billion, with USDT alone occupying nearly 80% of the share. This distribution is not surprising at all, because the project has been clearly positioned from the start—to build itself as the infrastructure for stablecoin payments. This goal now appears to be gradually taking shape.

An interesting aspect is the performance of the DEX sector. Over the past 7 days, trading volume has surged by 82%, now reaching $276 million. Although it still lags behind centralized exchanges (the DEX/CEX ratio is only 0.39%), this growth rate indicates that real on-chain activity is indeed picking up. If this momentum continues, there is significant potential for further ecosystem activity and engagement.

Partnerships with institutions are also continuously deepening. A leading exchange recently launched an incentive program with an investment of 3.5 million tokens, a level of cooperation not accessible to every project. Coupled with ongoing collaborations with institutional partners like Fireblocks and Aave, the infrastructure of the entire ecosystem is gradually improving. From zero to this scale in just four months, the execution efficiency has been quite impressive. The future developments are definitely worth ongoing attention.

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WenAirdrop

· 21m ago

The infrastructure for stablecoin payments is indeed gaining traction, and the 3.36 billion TVL is not just for show... It's just that the DEX part still needs to see a breakout.

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AirdropCollector

· 14h ago

The stablecoin payment track is indeed heating up, and this rhythm feels pretty good.

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BearMarketSurvivor

· 14h ago

3.36 billion in locked positions looks good, but USDT dominating 80% still carries some risk—this supply line is too single-threaded. An 82% increase in DEX trading volume is indeed noticeable, but we need to be cautious about whether this is a bubble rebound. History shows that things that rise quickly often fall even faster. The logic behind stablecoin payment infrastructure is sound, but the question is how long it can sustain. Regulatory oversight is always hanging over us. From zero to 3.36 billion in four months sounds impressive, but I care more about actual retention rates. The project team is active, but that doesn't necessarily mean the ecosystem is truly vibrant. Institutional incentives injecting 3.5 million tokens is both good and bad—depends on whether there is real trading support behind it; otherwise, it's just burning money. How much of the 2 billion influx last September remains now? That’s what we should be paying attention to.

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MetaverseHermit

· 14h ago

The positioning of stablecoin payment infrastructure is really on point, with a TVL of 3.36 billion, and there's still room for growth.

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RektButSmiling

· 14h ago

The infrastructure for stablecoin payments is going quite smoothly, and that 82% increase in DEX is indeed quite impressive. It's just a matter of whether it can break through that 0.39% ceiling...

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fork_in_the_road

· 14h ago

3.5 million tokens incentivized? That's quite a strong move, but it still depends on whether they can retain users in the future. --- The fact that stablecoins account for 57%... No wonder some say it's the vampire chain of stablecoins, haha. --- An 82% increase in DEX trading volume sounds great, but compared to CEX's 0.39%... it's still a bit awkward. --- Four months from zero to $3.36 billion locked, the pace is really fast, but the key is how long it can hold. --- Fireblocks and Aave are both here, so institutional-level trust is rising. It feels like there's potential to get on board later. --- $2 billion in stablecoins flooded in that wave in an instant. How many are still active now? Don't let it become a dead pool again. --- This deployment's coherence is definitely much better than the last wave, but I still want to wait and see.

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gas_fee_trauma

· 14h ago

3.36 billion locked in, the stablecoin payment infrastructure framework is beginning to take shape. This pace definitely has some substance.

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