Stablecoin transaction volume on the Ethereum community reached an all-time excessive of $2.82 trillion in October. This magnify was once primarily pushed by investors searching out for yield opportunities for the length of the crypto market’s slowdown.
Stablecoin Transaction Quantity on the Ethereum Community Reaches File $2.8 Trillion in October
In October, stablecoin volume on Ethereum surpassed the outdated document of $1.94 trillion (September 2025), increasing by 45% month-over-month.
Circle’s USDC led the design in volume, with $1.62 trillion in transactions. Tether (USDT) came in second with $895.5 billion. MakerDAO’s DAI stablecoin came in third with $136 billion in volume.
Presto Analysis analyst Min Jung fundamental that keenness within the stablecoin sector has surged following Circle’s IPO and the passage of the Genius Act. Yield farming, particularly around “liquid yield tokens,” has change into extremely active, Jung stated.
At a time when Bitcoin and Ethereum misplaced 11.5% of their market worth and 16.4%, investors had been seen the exhaust of stablecoins as a liquidity management and yield utility. Kronos Analysis CIO Vincent Liu stated that investors had been preserving their capital in stablecoins to allocate it to new opportunities for the length of this period.
In keeping with consultants, this document magnify in stablecoin transaction volume indicates that the field is maturing and is never any longer excellent speculative nonetheless increasing into loyal exhaust cases resembling payments and wicked-border transactions.
*Here’s no longer funding recommendation.
