#ETH
The latest data shows that the total supply of stablecoins on the Ethereum chain has surged to $135.4 billion, setting a new historical record! In simple terms, there are now over one trillion RMB of 'digital dollars' running on Ethereum, indicating that the market's demand for stablecoins is increasing rapidly.
[Personal Opinion] There are two key signals behind the surge in stablecoins:
Funds are positioning for a bottom—large investors may feel that the market is nearing a low point, switching to stablecoins for opportunities, ready to jump into BTC and ETH at any time.
The demand for DeFi and on-chain finance is exploding—lending, trading, and wealth management all need stablecoins as 'fuel', especially with the recent rise of RWA (real-world assets on-chain) concept, more traditional funds are beginning to enter using stablecoins.
Looking back at the DeFi summer craze of 2020, when the supply of stablecoins on Ethereum broke ten billion, it directly triggered a major bull market. Now the scale is 13 times that year, with even greater potential!
If stablecoins continue to grow at this rate, let's analyze together with Old Li which sectors might ignite the next bull market? RWA? Layer 2? Or perhaps a new narrative we haven't thought of?
