A joint report from analytical platforms Artemis and Dune showed over 50% growth in active stablecoin addresses in one year.
Increase in Stablecoin Addresses
According to the report "The State of Stablecoins 2025: Supply, Adoption & Market Trends," active stablecoin addresses grew from 19.6 million to 30 million from February 2024 to February 2025, marking a 53% year-on-year increase. This expansion indicates broader user engagement.
Growth of Total Stablecoin Supply
In addition to the growing number of active addresses, total stablecoin supply increased as well. In February 2024, the total supply was $138 billion, rising to $225 billion by February 2025, a 63% year-on-year growth.
Stablecoin Monthly Transaction Volume
Stablecoin monthly transaction volume also rose over the same period. In February 2024, the volume was $1.9 trillion, increasing to $4.1 trillion by February 2025, representing a 115% year-on-year growth. The highest recorded volume was in December 2024, reaching $5.1 trillion.
According to Artemis and Dune analysts, such fluctuations indicate the widespread use of stablecoins in retail and institutional transactions.
