🔷In October, the total transaction volume of stablecoins on the Ethereum network reached a record $2.82 trillion, up 45% from September. USDC led with approximately $1.62 trillion, followed by USDT at $895.5 billion and DAI at $136 billion.
🔷The surge highlights Ethereum’s growing dominance as the leading infrastructure for digital asset settlement and liquidity flows. Rising stablecoin activity reflects investors’ preference for stability amid market volatility, while higher transaction volumes are driving additional demand for ETH as gas fees — and drawing increased regulatory scrutiny. Ethereum is increasingly positioning itself as the central liquidity hub of the crypto economy.