“People sold ezETH on Uniswap, and they had lower liquidity, so the slippage caused the price to drop to below $700, which caused massive liquidation on [generalized leverage protocol] Gearbox and [lending protocol] morpho,” Hitesh Malviya, founder of crypto analytics platform DYOR, told CoinDesk.
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa...