Du Jun: The larger the current circulation of stablecoins, the more intense the slippage in the cryptocurrency market.

BlockBeats News, June 21st, Du Jun stated in a post on X platform that the AI market is fierce, and funds are continuously pouring into the US stock market. The BTC ETF trading volume has accounted for 25% of spot trading, with a few more ETFs, the on-chain and crypto circle may be left with only the functions of settlements and moving positions.

CEX's trading volume in the first half of the year was cut by 40% compared to the second half of last year, while on-chain TVL remained unchanged, showing no movement. The current essence of stablecoins is arbitrage and payment tools, not an incremental engine of liquidity. The larger the supply, the stronger the slippage.