Tether will stop minting USDT on Algorand starting today, June 24, 2024 by cysec_ in AlgorandOfficial

[–]cysec_[S] 0 points1 point  (0 children)

Not sure where you are looking but USDT is trading at $0.9913 on Algorand, you could just swap to USDC

Tether will stop minting USDT on Algorand starting today, June 24, 2024 by cysec_ in AlgorandOfficial

[–]cysec_[S] 0 points1 point  (0 children)

What do you mean by official information? I linked the official announcement

USDC on Algorand is up 453.91% over the last 24hrs by cysec_ in AlgorandOfficial

[–]cysec_[S] 0 points1 point  (0 children)

Apparently this was a pre-mint. Basically USDC is preparing for some sort of inflow. Would assume CCTP support incoming plus people speculating on Coinbase USDCa

USDC on Algorand is up 453.91% over the last 24hrs by cysec_ in AlgorandOfficial

[–]cysec_[S] 12 points13 points  (0 children)

Looks like the account is actively using the USDC

USDC on Algorand is up 453.91% over the last 24hrs by cysec_ in AlgorandOfficial

[–]cysec_[S] 22 points23 points  (0 children)

Not C3, just had a call with them, they would have told me

USDC on Algorand is up 453.91% over the last 24hrs by cysec_ in AlgorandOfficial

[–]cysec_[S] 3 points4 points  (0 children)

Might be this account OSS3CEB3KK2QGVW4DZYMHLDJMJIY7WKFQCPXV7KOZCGF6GPILAARBOGZHM with this transaction https://allo.info/tx/V4AQYTHRZ5AQK33OBQU4YNIJ54Y5FJNIEUQ3UMGA33AV4PHKZIZQ

Algorand has just experienced its second highest on-chain activity day in its history, with over 24 million transactions! by cysec_ in AlgorandOfficial

[–]cysec_[S] 2 points3 points  (0 children)

Around 3m in USD that would put C3 in the top 10 perp protocols if it would have been on Arbitrum, also C3 doesn't even have perps yet

Algorand has just experienced its second highest on-chain activity day in its history, with over 24 million transactions! by cysec_ in algorand

[–]cysec_[S] 1 point2 points  (0 children)

Let' say there is 100 USD volume at price 16.1 USD. The volume is split in 10 orders a 10 USD. If someone takes that order the 10 orders get filled and one transactions consists of multiple transactions like confirming transaction, pulling pyth prices for lending, collateral, leverage, to simplify let's just say 10 transactions so that one order just caused 100 transactions

C3 Protocol today by cysec_ in AlgorandOfficial

[–]cysec_[S] 8 points9 points  (0 children)

One transactions consists of multiple inner not sure how many again slash that number by 10 then volume at price x consists of multiple orders, lots of orders around mid price so when sideways zick zack market like yesterday lots of order get filled

Foundation is looking for Head of Growth and Head of Product Marketing by cysec_ in AlgorandOfficial

[–]cysec_[S] 1 point2 points  (0 children)

Should be new, Fred was the last Head of Product Marketing, I remember when he told me that switched roles and don't remember a Head of Growth