$UP
Heating UpSnapshot Window: 2026-08-31 20:40 UTC ยท โ Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 0, Retweets: 0, Likes: 0, Impressions: 212
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Most stablecoin volume on spot DEXs comes from swaps between other stablecoins or L1 tokens.
![]()
AI visual note: A Sankey diagram from Blockworks titled "Stablecoins: Breakdown of What Stablecoins are Sold For on Spot DEXs" shows the flow of stablecoin sales across categories including L1/L2 Tokens (ETH, SOL, BTC, BNB), Other Stablecoins (USD Stablecoins, Non-USD Stablecoins), Tokenized Assets (Equities, Commodities), Project Tokens, Memecoins, and Other Tokens, visually confirming that the largest flows go to L1/L2 Tokens like ETH and SOL, as well as swaps between other stablecoins like USD Stablecoins.