According to on-chain data, stablecoin inflows to crypto exchanges have doubled in recent weeks, from $51 billion at the end of December to $108 billion today.
This occurred despite the digital asset market experiencing one of its deepest declines since 2022, which has already led to mass liquidations as leverage declines.
Inflows of all stablecoins (Ethereum network, ERC-20 standard).
On-chain monitoring data shows that stablecoin inflows to exchanges have increased by 100% in recent weeks, despite the current market situation.
According to crypto data analyst Darkfost, the growth in stablecoin deposits on exchanges indicates an acceleration in capital allocation in recent weeks. However, he notes that the overwhelming selling pressure remains too strong for buyers to fully offset it.
Darkfost writes that the influx of stablecoins is a positive sign, indicating that investor interest is gradually returning to the market despite the ongoing sell-off. Some market participants are buying on the dips, although, according to the expert, this trend has not yet taken hold.