Another great breakdown from independent contributor
@WalleDAO on what RLUSD/USDS activity looked like onchain.
$453M through the pool in 30 days.
65% of that volume connected to yield, loans, or exchange wallets.
One USDS pool gives RLUSD a route into the rest of DeFi.
Spark’s RLUSD/USDS pool handled $453M in 30 days. What did those swaps connect to?
I traced 2,410 transactions: $167M linked to yield and lending, $130M to exchange wallets. Most exchange-linked volume involved RLUSD reaching those wallets. ↓
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