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RE: Was 64.26% the Top Bitcoin Dominance This Cycle or Not?
It's hard to do it. I mean, it's easy, you subtract the MC of stablecoins from the MC of alts, but technically, stablecoins and alts are on the same blockchains. The only one that is separate is BTC. And even on BTC started to be built other assets on L2s, which some BTC maxis don't agree with and prefer to keep bitcoin pure and without any outside influence. I've seen there are critical voices in the bitcoin community to the move Tether made to add USDT to their network (both native and lightning).
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Could there come a time a blockchain is built specifically for stablecoins?
It's just a thought that comes to my mind after reading this reply. I think in theory this can happen but I'm not sure if it'll be useful. Stablecoins are needed to balance out a bit of the inherently volatility of crypto assets, apart from using them also as a medium of exchange or unit of account.
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