The on-chain ecosystem under a major stablecoin issuer is currently in a somewhat awkward situation. To be blunt—your spare change balance in Alipay might actually be larger than the combined DeFi liquidity pools across the entire chain. This reflects a reality: although the reputation is well-known, the actual amount of funds engaged in trading and lending within the ecosystem is far from what outsiders imagine. The huge gap between the prosperity of the on-chain ecosystem and the TVL size somewhat indicates the increasing competition in the stablecoin sector.

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OffchainOraclevip
· 01-07 21:50
Haha, this comparison is too harsh. Alipay change can instantly outperform the entire chain, the ecosystem is indeed a bit cold.
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RooftopVIPvip
· 01-07 21:48
To be honest, this is just hype. The thriving ecosystem can only fool beginners.
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OnchainHolmesvip
· 01-07 21:48
Basically, it's just a false hype. It looks grand, but there aren't many real funds involved.
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GateUser-74b10196vip
· 01-07 21:32
Ha, so this is the famous "paper tiger," huh? Shouting slogans alone doesn't attract followers.
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