Top 10 Gainers Of The Week: $USUAL, $MOVE, And $HYPE Lead Amid Market Volatility
While the broader crypto market faced significant turbulence this past week, a few tokens stood out by defying the downward trend.
Among the top performers were newly launched tokens like $USUAL, $MOVE, and $HYPE, which maintained their bullish momentum.
Even stablecoins showcased remarkable resilience, providing stability amidst the chaos. Interestingly, $Fartcoin and $BGB also moved counter to the market sentiment, continuing their upward trajectory.
Top 10 Gainers in the last 7 days
Amidst the bloodbath market, newly launched $USUAL, $MOVE, and $HYPE continued their impressive uptrend, while stablecoins showcased resilience during market turbulence. Also, $Fartcoin and $BGB are moving against the market. pic.twitter.com/eohXLRtA0L
CryptoRank.io (@CryptoRank_io) December 20, 2024
One of the standout tokens, $USUAL, gained significant traction in the market for tokenized U.S. Treasury bills. Two prominent market makers, GSR Markets and Amber Group, have played pivotal roles in $USUALs success.
Amber Group: Responsible for market making 12 million $USUAL tokens, Amber currently holds 1.6 million tokens worth $2.54 million, making it one of the top 12 holders.
GSR Markets: With market-making activities for 8 million $USUAL tokens, GSR now holds 2.76 million tokens valued at $4.4 million, ranking as the ninth-largest holder.
GSR Markets Amber Group RWA $USUAL
Amber 1200 160 254 Top12 https://t.co/VPwkTU4cD5
GSR 800 276 440 Top9 https://t.co/aEns7i3J0Z pic.twitter.com/qokr0q3IdY
Ai (@ai_9684xtpa) December 20, 2024
$USUAL boasts the highest market share in tokenized U.S. Treasury bills, surpassing competitors. It has attracted over 15,000 users, far outpacing the combined user base of other protocols like Ondo, BlackRock, and Mountain, which collectively have 5,200 users. Additionally, $USUAL contributes nearly 80% of the total value locked (TVL) for Hashnote, the leading on-chain T-bill provider.
$USUAL has the highest market share in tokenized US T-bills right now.
Ondo, BlackRock, Mountain, and other protocols have around 5.2K users, while $USUAL alone has 15K users.
Around 80% of the TVL for the leading on-chain T-bill provider, Hashnote, also comes from Usual Money. pic.twitter.com/GXqppazGEl
hitesh.eth (@hmalviya9) December 20, 2024
As the market continues to navigate choppy waters, $USUALs performance highlights the growing demand for tokenized real-world assets, offering a glimmer of hope for investors seeking stability and growth opportunities.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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