$0.76254 -8.99%
ALGO · 3w

Why Are There A Lot of Zero Transactions for The Verified ASAs?

I'm trying to gauge actual utilisation of the blockchain by partners that Algorand has announced by looking at the statistics of Verified ASA transactions on Algoexplorer. Initially I thought that I can just rely on the Number of Transfers as an indicator. But then, I noticed that a lot of the transaction amounts are 0 ASAs. Take USDt for example. []( And it looks like a lot of the other Verified ASAs are the same. Can someone help me understand why this is so? Is it because they're using the blockchain as a back-end to their platform? If so, can we view this as a positive or negative to Algorand's adoption? Thanks!
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