One metric that underscores this conduct is the steadiness of Ethereum-based stablecoins on exchanges. The quantity of stablecoins on exchanges declined steadily heading into the election as traders took a “wait-and-see method”, Shuttleworth stated. Then, following Nov. 5 election, stablecoin balances jumped to a yearly excessive of $41 billion from round $36 billion in early November, Nansen on-chain knowledge exhibits, as traders deposited stablecoins pent-up demand for crypto property
