TLDR
- Cardano stablecoin supply rises to nearly $40 million
- Sui adds native SUI and USDsui payment support globally
- Chainlink ETF inflows reach $11.08 million in April
- XRP whales account for 94.4% of Binance outflows
- Altcoins show mixed but improving on chain activity trends
Altcoin market data showed mixed but improving on-chain and fund flow activity across Cardano, Sui, Chainlink, and XRP. Stablecoin growth, payment integrations, ETF inflows, and whale movements pointed to rising network usage and capital shifts while Bitcoin remained range-bound during the same period.
Cardano Stablecoin Supply Grows Over the Past Year
Cardano’s stablecoin market cap has nearly tripled over the past year. Token Terminal data showed growth from low single-digit millions to more than $40 million. The increase came mainly from iUSD and USDM.
The chart also showed USDC appearing in the latest bars. Its share remained small in the available data. However, its arrival added another stablecoin source to the Cardano network.
Stablecoins often support trading, payments, and lending activity. So, higher supply can show more usable liquidity on-chain. Cardano’s latest data showed that liquidity has grown from a small base.
RedotPay Adds Native Sui and USDsui Payment Support
Singapore-based RedotPay added native SUI and USDsui for global payments. The company’s service covers payments and payouts in more than 100 countries. The move gives users direct access to Sui Asset.
The integration does not rely on bridged versions of tokens. This can reduce extra steps for users and payment firms. It can also lower exposure to third-party bridge risks.
RedotPay’s update places Sui closer to daily payment use. Users can hold, send, or spend supported assets through direct rails. The change also gives USDsui a wider payment role.
Chainlink ETF Inflows Rise as XRP Whales Drive Binance Flows
Chainlink spot ETF inflows rose in April, according to SoSoValue data. Daily net flows reached $3.81 million on April 23. Another $504,000 entered on April 21.
April inflows reached $11.08 million, above March’s $10.82 million. Total inflows stood above $109 million. The data showed a small recovery after three slower months.
Meanwhile, XRP whale activity shaped recent Binance outflows. CryptoQuant data showed whale transfers spiked in mid-April. They then dropped near zero before rising again on April 23 and April 24.
Whales accounted for 94.4% of recent XRP outflows from Binance. The chart did not show one clear direction in price. Instead, it showed heavy movement by large holders.
These metrics showed activity across several parts of the altcoin market. Cardano saw more stablecoin liquidity, while Sui gained payment access. Chainlink saw renewed fund inflows, and XRP whales remained active on Binance.
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