Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deployment
AVAX lost over half its value during the past year despite the new liquidity, but the crypto market may find its bottom by June amid tariff negotiations.
Avalanche saw a significant surge in stablecoin supply over the past year, but the onchain deployment of this capital points to passive investor behavior, which may be limiting demand for the network’s utility token.
The stablecoin supply on the Avalanche network rose by over 70% over the past year, from $1.5 billion in March 2024, to over $2.5 billion as of March 31, 2025, according to Avalanche’s X pos
Market capitalization of stablecoins on Avalanche. Source: Avalanche
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