# Circulation Articles associés

Le Centre d'actualités HTX fournit les derniers articles et analyses approfondies sur "Circulation", couvrant les tendances du marché, les mises à jour des projets, les développements technologiques et les politiques réglementaires dans l'industrie crypto.

Stock Price Halved in 45 Days, Is Circle Actually the "DeFi Barometer"?

Over a 45-day period, Circle's stock price plummeted by approximately 50% to around $63, coinciding with a significant $70 billion decline in the circulation of its USDC stablecoin from its peak. In contrast, Tether's USDT saw a much smaller reduction. Analyst Ed Engel posits that Circle acts as a barometer for DeFi activity, as a high correlation exists between USDC supply and ETH price movements. The vast majority of USDC is concentrated within crypto exchanges and DeFi protocols for yield generation, rather than for widespread daily use in payments or commerce, unlike USDT which has stronger real-world adoption in various regions. The recent contraction in DeFi Total Value Locked (TVL), following security incidents like the Kelp DAO attack, appears to mirror Circle's declining stock performance. While Circle is actively promoting USDC's use as a settlement asset on platforms like Hyperliquid and in institutional payment corridors—where its organic transfer volume surpasses USDT's—these efforts have not sufficiently driven growth in USDC's overall supply. The company's revenue remains heavily tied to DeFi's expansion. For Circle's investment narrative to change, it must either significantly reduce its reliance on the volatile DeFi sector or demonstrably prove that real-world adoption can substantially and sustainably increase USDC circulation. In the near term, market confidence hinges on DeFi addressing its inherent risk-reward imbalances.

marsbit06/29 11:58

Stock Price Halved in 45 Days, Is Circle Actually the "DeFi Barometer"?

marsbit06/29 11:58

Ethereum’s Supply Dynamics Shift As ETH Staking Sees Historical Growth – Here’s The Number

Ethereum's supply dynamics are shifting significantly as ETH staking reaches a new all-time high, with over 30% of the total supply now locked in validator contracts. This growth, highlighted by market expert Milk Road, indicates strong long-term confidence in staking as a yield strategy and reinforces network security, backed by approximately $120 billion in staked ETH. The reduction in circulating and exchange supply is seen as a positive signal for future price appreciation. Concurrently, Ethereum's on-chain activity has surged to record levels, with over 393,000 new wallets created in a single day, reflecting the network's expanding role as a settlement layer. Despite these robust fundamentals, ETH's price remains under pressure, trading around $3,119 with a 3% decline in the last 24 hours.

bitcoinist01/20 21:02

Ethereum’s Supply Dynamics Shift As ETH Staking Sees Historical Growth – Here’s The Number

bitcoinist01/20 21:02

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