PANews June 5 news, Bitwise senior investment strategist Juan Leon posted on platform X, stating that the Circle IPO has attracted market attention. Circle's annual revenue grew by 118% from 2022 to 2024, and USDC currently holds about 30% of the stablecoin market share, with its supply increasing from less than $3 billion in 2020 to over $60 billion in 2025 (over 70% on Ethereum and its L2 ecosystem).
In terms of trading volume, USDC's monthly trading volume has increased from less than $50 billion in 2020 to over $2.3 trillion in May 2025. Regarding trading distribution, USDC was mainly concentrated on the Solana blockchain in 2024, but by 2025, it had shifted to Ethereum and Base.
