2026-01-20 02:34:43

The USD1 stablecoin on Aptos is seeing rapid supply concentration. Echelon has accumulated $21.2M worth, now commanding 68.4% of the total USD1 supply circulating on-chain. This pattern reflects a broader dynamic in DeFi—liquidity naturally gravitates toward platforms and protocols offering the most attractive yield opportunities and highest utilization rates. As stablecoin adoption accelerates across the network, capital tends to concentrate where returns are most compelling.

USD1-0,04%

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SandwichVictim

· 01-22 08:13

68.4%? How competitive is that? Echelon is directly monopolizing the market.

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WalletManager

· 01-22 02:33

68.4%？ That's a pretty high concentration. Is Echelon managing single-point risk or building a moat? It depends on what their smart contract audit report says. On-chain data is just there, but the real question is—how is the private key management for this fund handled? Multi-signature or single signature? In my opinion, the biggest test of such concentration is the wallet security system—one vulnerability could lead to a systemic collapse.

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NFT_Therapy_Group