On the eve of WLFI's listing, the crypto market experienced a general fall, with the market capitalization dropping to the range of 3.8 trillion USD.

GateNews

2025-09-01 05:34:04

BlockBeats news, on September 1, according to CoinGecko data, ahead of the WLFI listing, the crypto market experienced a general fall, with the total market capitalization currently reported at $3.81 trillion, and a 24-hour decline of 1.5%. In the decline ranking, meme coins led the drop: NOBODY had a daily drop of 18.2%, BLOCK had a daily drop of 17.2%, and NEIRO had a daily drop of 17.3%. In terms of mainstream alts, SKL had a daily drop of 11.9%, and CFX had a daily drop of 10.6%.

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Hpxz31419

· 2025-09-01 09:36

Tether's market share has fallen below 60% for the first time in 17 months. This number may seem insignificant, but it hints at a profound change in the entire stablecoin landscape. USDT once dominated the market, with a peak market share exceeding 85%. However, its dominance is now being gradually eroded. Competitors like USDC, DAI, and FRAX are rapidly rising, each with its unique advantages. This trend towards diversification could be a good thing for the entire encryption ecosystem. Why is USDT losing market share? The core issue is still transparency. Although Tether has consistently claimed that it has sufficient reserves, it has always refused to undergo a comprehensive audit. In contrast, Circle's USDC publishes audit reports every month, with reserve assets clearly outlined. For institutional investors who value Compliance, the choice is obvious.

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