Pulsechain (PLS)

PulseChain now has $31.74M in stablecoins on-chain with $23.41M 73.8% sitting as potential buy pressure

We've added a full historical Stablecoin Market Cap chart to PulseChain Stats, to accompany this release we have done a detailed stablecoin breakdown for you:

Here's what we found 🧵

💵 Total stablecoin market cap: $31.74M

93.5% is still bridged in stablecoins
Native stablecoins (USDL, PXDC, INCD & HEXDC) account for just 6.3% of supply

Where the $31.74M sits
Every stablecoin dollar falls into one of these buckets:

👤 Top 100 wallets for each token: $14.06M (44.3%)
💧 PulseX liquidity (V1, V2 & StableSwap): $4.74M (14.9%)
🏦 Known protocols: $2.62M (8.3%)
📦 Other contracts (outside our custom mapping): $0.97M (3.1%)
👥 Outside the Top 100 (EOA wallets): $9.35M (29.5%)
- Only 14.9% of PulseChain stablecoins are currently providing liquidity.
- Only 8.3% sit inside known DeFi protocols

The biggest takeaway:
$23.41M 73.8% of the entire stablecoin market isn't sitting inside major LPs or known protocols it is

👀 Interesting…

The OA has transferred:

• 266.64B PLS
• $1.49M worth
To a single destination address

That’s enough for roughly 8,332 PulseChain validators.

Maybe nothing.

Or perhaps the OA is preparing to operate its own validator infrastructure. https://t.co/J6PP6Y4Fpj