CNHT transaction pair
The transaction of anchoring CHNT has been on the line for nearly two months. From the K-line chart, these transactions are not liquid. BTC/CNHT has repeatedly appeared for 24 hours in a row for a few days.
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As of October 30, the CNT/CNHT transaction has a trading volume of only 60CNHT for 24 hours, equivalent to RMB 60, and there are two consecutive weeks when the trading volume is 0 in 24 hours.
Dapptotal data shows that the current stable market value of the market reached 5.65 billion US dollars, of which USDT's market share is over 81%, the market value is nearly 4.2 billion US dollars, and the remaining 12 emerging stable currencies account for less than 20% of the remaining.
The main trading force of USDT was gradually transferred to the Chinese market. According to Diar data, USDT's trading volume on the China Exchange was up in 2019. As of the second quarter of 2019, the USDT's USDT transaction volume exceeded US$10 billion, accounting for 62% of USDT's chain trading share, while the US USDTT transaction volume decreased from 39% in the fourth quarter of 2017 to 3%, that is, in the United States, only USD 450 million worth of USDT was traded in 2019, which is nearly $10 billion less than the USDT chain transaction in China. According to the research report, USDT mainly flows to OKEx, Firecoin, Coin, Poloniex and Bittrex.
On the Tether Rich List, the top ranked addresses are currently dominated by the three exchanges of Binance, Fire, and Okex. The USDT balance of the Binancecoin exchange totaled nearly 550 million, the USDT balance of the Marcoon exchange exceeded 200 million, the USDT balance of OKEX was approximately 25 million, and the USDT balance of the three exchanges accounted for nearly 20% of the total USDT circulation.
Tether Rich List
Source: Financial Network · Chain Finance