According to The Block data, stablecoin trading volume on Ethereum reached an all-time high of $2.82 trillion in October 2025, up 45% month-on-month. Circle's USDC led with $1.62 trillion, USDT followed with $895.50 billion, and MakerDAO's DAI came in third with $13.60 billion.
Analysts point out that during the crypto market correction (Bitcoin down 11.5% month-on-month and Ethereum down 16.4% month-on-month), traders actively sought yield opportunities and managed liquidity in preparation for buying assets with falling prices. Stablecoin issuers have thus become the main source of revenue in crypto protocols, accounting for 65% -70% of total daily revenue.
The volume of stablecoin transactions on Ethereum reached $2.82 trillion in October, a record high
2025-11-03 04:59:26
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
