Weekly volumes had already increased significantly in mid-May. USD1 left the $307 million traded between May 12 and 18 to reach $4.3 billion the following week, a 1,300% weekly increase.
Despite the current week’s volumes not being finalized, USD1 has already registered nearly $6.8 billion as of June 1, almost 60% up from the previous week. Furthermore, this marks a new weekly record, surpassing the last all-time high volume of $6.2 billion, which was registered between April and May.
However, most of USD1’s transaction volume in the past 30 days seems to come from peer-to-peer (P2P) transfers.
Two addresses alone moved almost $3.3 billion during the period, trailing only the USD1 and BUILDon (B) pool at PancakeSwap. The pool between the stablecoin and the memecoin registered $143 million in the past 24 hours alone.
