#PowellVsTrump ๐ Stablecoin Market Reaches Record High with Increased Trading Activity
According to data from Odaily, the total market capitalization of stablecoins has reached a historic high of $258.5 billion, marking a 2.7% increase compared to the previous month. This milestone highlights the growing importance of stablecoins in the crypto ecosystem, especially amid market volatility.
๐ Trading Volume vs Transaction Count
The average daily trading volume of stablecoins has rebounded by 13.2%, reaching $143.1 billion, reversing last weekโs decline. However, it's still 6.3% lower than the previous month's volume. Interestingly, the number of transactions has actually decreased by 10% week-on-week, now standing at 35.3 million.
๐ This divergence may signal a rise in average transaction size, potentially indicating increased institutional involvement or the movement of larger amounts with fewer individual trades.
๐ฐ Transaction Fees On the Rise
Stablecoin usage is also reflected in transaction fees, which have increased by 8.9% week-on-week, totaling $23 million daily. This surge in fees suggests a strong demand for stablecoin-based applications and services.
๐ Emerging Protocols Show Exceptional Growth
While major platforms maintain high activity, smaller protocols are also showing explosive growth:
Sky: Fees up 362% to $1.5 million
Ethena: Fees up 367.8% to $613,700
Usual: Fees skyrocketed by 8142.4% to $64,700
This remarkable growth underscores rising user engagement and innovation across both established and emerging stablecoin ecosystems.
---
๐ก Conclusion
The stablecoin market is clearly gaining momentum, not only in terms of value but also in user activity and protocol engagement. With larger transactions, rising fees, and protocol diversification, stablecoins continue to cement their role as a core infrastructure of the digital financial world.
