#稳定币市场与应用 When I saw this set of data, I paused for a moment. The trading volume of stablecoins has already approached half of all transactions, indicating that they have indeed established a foothold in the payments sector. However, the top 1000 wallets control 85% of the trading volume, and this level of concentration warrants our serious attention.

I recall a conversation with friends where everyone believed that the advantage of blockchain was decentralization. Yet, in practical applications, the flow of payments is highly concentrated in the hands of a few institutions. Although the number of P2P transfers is high, the proportion of the total amount is noticeably low. What does this imply? It means that the main trading volume is still held by large players and institutions.

This reminds us of a few real-world issues: First, any system that appears decentralized may develop new centralization phenomena in practice; second, when participating in the stablecoin ecosystem, it’s important to recognize that risks come not only from price volatility but also from liquidity and market structure itself; third, true security is not about chasing the highest returns but understanding the real logic behind the assets you hold.

The most prudent attitude towards emerging payment tools is: participate moderately, but never put all your chips into a single track. Position management and a long-term mindset are especially important in such times.