Data: wcgUSD 24-hour trading volume ranks first on Pendle

ChainCatcher news, Pendle data shows that today the 24-hour trading volume of wcgUSD ranks first on the platform's trading leaderboard. wcgUSD is developed by Cygnus Instagram Layer, aiming to become a core asset in the new DeFi interest rate market through the combination of fixed rates, permissionless design, and composability.

Cygnus stated that this data reflects the market's growing confidence in real yields and Instagram application layer assets, while also indicating strong growth in structured yield products.