DeFi· ★★★· bullish·

USDC traded $40.2 billion on DEXs during Q3 weekends while banks were closed

  • —USDC weekend DEX volume in Q3 reached $40.2 billion
  • —Total DEX trading volume for the quarter was about $721.7 billion
  • —69% of USDC on-chain activity came from DEX liquidity provision
  • —23% of USDC activity was tied to flashloans on Base and Aerodrome
Why it matters: USDC is moving at card-network scale on days when wire desks are dark, strengthening Circle's case with institutional players.
Source: Crypto Briefing