Ethereum displays a significant growth in stablecoin inflows and DeFi activity, underscoring its role as a leading blockchain platform.
Stablecoin Inflows to Ethereum
Ethereum recorded $1.93 billion in stablecoin inflows over the past week, outpacing all other chains. The total stablecoin market cap stands at $124.68 billion, with over 50.63% composed of Tether (USDT). In the last 7 days, USDT gained 1.17%, while USDe surged 8.96%, reflecting a 24.88% increase over the month.
DEX Activity and Gas Fees
In the last 24 hours, Ethereum users paid $35.63 million in protocol fees, most of which originated from high-volume decentralized applications. DEX trading volumes reached $984.56 million with 426,731 active addresses during the same timeframe, confirming that Ethereum remains a leading platform for decentralized finance.
Market Confidence Among Stablecoin Issuers
Over the past week, the broader stablecoin market on Ethereum grew by 1.58%. The largest stablecoin, USDT, has a market cap of $63.122 billion, followed by USDC at $36.71 billion. Meanwhile, Sky Dollar (USDS) rose 15.38% over the last 7 days, indicating new market movements.
Ethereum maintains its dominant position as an infrastructure for capital flows, making it a key player in the DeFi and stablecoin space.
