According to Paolo Ardoino, data from MessariCrypto confirms Tether's (USDt) position as the most liquid stablecoin. The analysis shows USDt has 2.8 times more trading pairs and 3.4 times greater market depth compared to the next largest stablecoin. For traders, this superior market depth suggests lower slippage and more stable pricing during large volume transactions, reinforcing USDt's utility as a core asset for crypto trading and liquidity provision.

According to @StakeWithPride on Twitter, the upcoming Midnight airdrop is set to distribute tokens to millions of Cardano (ADA) wallets, which could significantly inflate the number of active wallets as tracked by analytics firms like Messari. This event is likely to cause a short-term spike in on-chain activity metrics, which many traders use as bullish signals for ADA price action (source: @StakeWithPride, Messari). However, such increases may not reflect genuine organic usage, potentially leading to misleading trading signals if the wallet activity is solely a result of the airdrop. Traders should exercise caution and differentiate between airdrop-driven wallet activity and sustained user engagement when making trading decisions.