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#稳定币市场发展 Looking back at history, the stablecoin market has experienced quite a bit of turbulence. From the early dominance of USDT to the later emergence of USDC, DAI, and other players, every wave has left us with deep reflections. Now we find ourselves at a new crossroads, with the rise of DAT bringing fresh excitement, but also new challenges. Tom Lee's optimistic expectations for Ethereum are inspiring, but Arthur Hayes' calm analysis is also quite reasonable. How will this competition in Perptual Futures evolve? Will stablecoins be distributed across multiple chains? These questions are worth our deep consideration. After experiencing multiple bull and bear markets, I believe the key is still to return to value creation. Regardless of the model, the ultimate winner will be the one that can provide genuine utility to users and survive under regulation. History is always remarkably similar, yet full of variables. Let's wait and see what new patterns this wave will bring.

USDC-0.02%
DAI0.07%
ETH3.53%
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