Matrixport: The market value of Tether has soared, contributing to the strong growth of the crypto market in 2024
Matrixport released today's chart saying that in 2024, Tether's market value increased by $50 billion, breaking through the $140 billion mark, solidifying its position as the core trading tool in the crypto market. At the same time, the daily trading volume rose sharply. Stable in the range of $2,000 to $300 billion, fully reflecting the rapid expansion of the crypto ecosystem.
It is worth noting that market activity surged from $30 billion at the end of January to a peak of $300 billion in November, achieving a tenfold increase, demonstrating the amazing potential of the crypto market to go from low to full-blown. This massive influx of fiat liquidity heralds another high in 2025.