Ethereum surpassed $4B in inflows, outperforming all other blockchains combined.
USDC transfer volume on Ethereum hit $635B, setting a new all-time high.
Arbitrum and Base attracted over $2B combined, showing strong Layer 2 momentum.
In the past 30 days, Ethereum recorded the highest capital inflows, surpassing $4 billion in total volume. This figure exceeded the combined inflows of the next five chains, solidifying Ethereum's dominant position. Meanwhile, Layer 2 solutions showed notable activity, drawing substantial user and developer engagement during the same period.
Layer 2 Networks Capture Growing Market Share
Open4profit's post on X indicates that Arbitrum ranked second with nearly $1.2 billion in inflows, while Base followed with close to $950 million. These inflows reflect growing adoption driven by scalability and lower transaction costs. Polygon PoS maintained steady performance with over $650 million in new capital. Unichain secured fifth place, reaching close to $600 million in inflows.
https://twitter.com/open4profit/status/1926319521624686856
Berachain outpaced older networks, pulling over $450 million and ranking sixth ahead of Solana and OP Mainnet. Solana drew less than $400 million despite increased development and user activity. Both OP Mainnet and Sonic reported over $300 million in inflows.
StarkNet and Avalanche C-Chain each brought in around $200 million. Injective and BNB Chain followed, nearing $150 million. Bitcoin saw inflows below $100 million, placing it behind DeFi-focused competitors. Sei Network, Mantle, and WorldChain registered inflows between $50 to $90 million. Sui, Hyperliquid, and Ink reported under $50 million.
USDC Activity on Ethereum Hits Record Levels as Stablecoin Demand Rises
According to an observation tracking the USDC use in Ethereum, It is notable that USDC usage on Ethereum has reached historic highs across supply, volume, and transaction activity as of early 2025. According to new data, the total outstanding supply of USDC on Ethereum now stands near $40 billion. This marks a sharp increase following a stable period throughout 2023.
Source: Martini Guy(X)
Monthly transfer volume has reached around $635 billion, surpassing the previous record of $500 billion set in early 2022. Data shows that the monthly transfer count exceeded 7.2 million by May 2025, setting a new record in network activity. These figures indicate a renewed demand for stablecoin usage on Ethereum.
From mid-2023 through the second quarter of 2025, all indicators have shown a strong upward trend. The monthly transfer volume rose from under $200 billion to current highs, while the number of transactions more than doubled from early 2023. Ethereum has processed this rising activity without major disruptions. The blue line representing supply remained constant during 2023 before increasing in early 2025.
Meanwhile, the pink line charting transfer count has grown steadily since mid-2023, now at record levels. Earlier volume peaks in 2022 fell during a broader market correction. However, current figures now exceed those levels by over $100 billion. This confirms consistent growth in user activity, stablecoin transfers, and Ethereum’s capacity to support expanding demand.
