USD1 Market Expansion: $115M Spent in 4 Months for 50% Market Cap Growth and 10x Trading Volume Increase

In just 4 months, wlfi has burned through over $115M (in WLFI) to expand the market for USD1. This includes interest subsidies for USD1 on CEX platforms (like Binance, Bybit), event subsidies on Aster, and interest subsidies on on-chain lending platforms (like Dolomite). ◎ $115M resulted in a 50% increase in USD1's market cap ($3.137B → $4.76B), pushing it from 7th place to 4th among USD stablecoins. It has surpassed USDe and PYUSD, now trailing only USDT, USDC, and DAI. ◎ USD1's trading volume skyrocketed 10x, from a daily average of $200M pre-subsidy to the current $2B daily average. This growth is fueled by subsidies attracting users to hold and trade USD1, as well as support from CEXs and Perp DEXs for using USD1 as margin for trading. $115M brought a 50% market cap increase and a 10x usage scale boost.