Ethereum users transfer an average of $521,000 per month in stablecoins per holder.
Avalanche demonstrated strong activity despite holding only 0.64% of stablecoin supply.
The total stablecoin market grows to $275.5 billion, achieving weekly gains of $9.06 billion.
Ethereum continues to lead stablecoin transaction activity, with users trading an average of $521,000 per month per holder, according to Our Network analyses.
#كريبتو_الانتخابات #اقتصاد_رقمي #اخبار_الكريبتو_العاجلة The data published by Leon Weidman, head of research at Onchain, ranks blockchains based on monthly transfer volume per holder, not total transaction count.
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The stablecoin market reached a total value of $275.5 billion, an increase of $9.06 billion over the past seven days, in response to issuers meeting increased user demand. Most of this supply flows through the Ethereum network, generating revenue from fees and benefits for blockchain infrastructure.
Avalanche's challenges with rising user activity
Despite controlling only 0.64% of the total stablecoin supply, which amounts to $1.77 billion, Avalanche recorded monthly transfers of $206,000 per holder. This efficiency ratio indicates a concentration of high-value activity on the network, despite its small overall market share.
Recent institutional partnerships have expanded Avalanche's stablecoin ecosystem through collaboration with traditional financial entities. Visa added Avalanche to its stablecoin settlement network, while the state of Wyoming is testing the first state-issued stablecoin WYST on the blockchain.
These developments position Avalanche as a potential competitor to Ethereum's stablecoin dominance through institutional adoption rather than retail trading volume growth.
Other networks showed varying performance levels.
The 'Optimism' network ranked third, with monthly transfers per holder reaching $82,000, followed by the 'Tron' network at $71,000, and then the 'Aptos' network at $56,000. These networks maintain smaller user bases, but they generate viable levels of activity per user.
Established blockchain networks, including 'Solana', 'BNB Chain', and 'XRP Ledger', recorded lower volumes per holder, reaching $41,000, $36,000, and $26,000 respectively. This disparity indicates different use cases and user behaviors across blockchain systems.
Data suggests that network efficiency and institutional adoption may be more important than total supply concentration in driving stablecoin activity. The strong performance of the 'Avalanche' network, despite its small market share, illustrates how targeted partnerships can generate high-value transactions.
Ethereum's continued leadership in both total supply and user activity reinforces its status as a key infrastructure for stablecoins. However, emerging competitors like Avalanche show that focused institutional strategies can provide competitive alternatives for specific use cases.
The growth of the total market capitalization of stablecoins benefits all participating networks by increasing transaction volume and generating fees.
With the expansion of institutional adoption, networks with suitable regulatory frameworks and traditional financial partnerships may capture disproportionate value despite their lower overall market shares.