Data: At present, the BUSD reserves on the Ethereum chain account for more than 80% of the total market value of BUSD

According to the report, according to the data of Dune Analytics, at present, the largest proportion of the reserve certificates on the blockchain of Coin and Ethereum is BUSD, with a value of about $12714180193, followed by ETH, with a value of about $6731684203. In addition, according to the data of Coinsecko, the market value of BUSD at the time of writing is about 15805842427 US dollars, which means that the current BUSD reserves on the Ethereum chain have accounted for 80.4% of the total market value of BUSD.

Interpretation of this information:

The message discusses the current state of reserve certificates on the blockchain of Coin and Ethereum, with a focus on BUSD and ETH. According to data from Dune Analytics, BUSD currently holds the largest proportion of reserve certificates on the blockchain, valued at approximately $12.7 billion, followed by ETH with a value of approximately $6.7 billion. The report also notes that according to Coinsecko data, BUSD holds a total market value of approximately $15.8 billion, meaning that the current BUSD reserves on the Ethereum chain account for over 80% of its total market value.

This information is significant for several reasons. First, it highlights the growing use and adoption of blockchain technology in financial systems, particularly in the area of reserve certificates. BUSD’s dominance in this area suggests that it is increasingly being recognized as a reliable and trustworthy stablecoin. Additionally, the fact that BUSD represents such a large portion of the Ethereum chain’s reserves illustrates the importance of the Ethereum blockchain to the broader blockchain ecosystem.

Overall, this report provides valuable insights into the current state of reserve certificates on the blockchain, underscoring the importance of stablecoins like BUSD to the growth and stability of the broader blockchain ecosystem.