Ethereum Dominates Stablecoin Market with $78B Share as Trading Volumes Surge Across Blockchains
March 31, 2025
Ethereum processed 1.2 million transactions with an average fee of $2.50, while Tron recorded 800,000 transactions with an average fee of just $0.0001, showcasing the efficiency and cost-effectiveness of each platform.
On March 30, 2025, trading volume for USDT on Ethereum surged to $2.3 billion, marking a 15% increase from the previous day, which indicates heightened market activity.
Ethereum experienced a 5% increase in daily active addresses, reaching 1.2 million, which may indicate growing user engagement.
As of March 30, 2025, nearly 90% of all stablecoins are concentrated on four blockchains: Ethereum, Tron, Solana, and Binance Smart Chain (BSC), reflecting a significant liquidity pool.
Ethereum holds the largest share of stablecoins at 52%, equating to $78 billion, while Tron accounts for 23% ($34.5 billion), and both Solana and BSC have 12.5% each ($18.75 billion).
Ethereum leads with a total value locked (TVL) of $54.3 billion as of March 29, 2025, followed by Tron with a TVL of $48.2 billion, Solana at $12.5 billion, and BSC at $10.8 billion.
The ETH/USDT trading pair had a volume of $5.6 billion, while the TRX/USDT pair reached $2.3 billion, suggesting potential price discrepancies.
Trading volume for USDT on Solana also increased by 20% to $800 million, and BUSD trading volume on BSC rose by 12% to $600 million on the same day.
AI-driven trading algorithms are increasingly linked to the stablecoin market, particularly on Ethereum, where liquidity impacts AI token prices.
High stablecoin volumes across these platforms suggest opportunities for arbitrage and market making across different trading pairs.
Stablecoin movements can significantly influence the prices of other cryptocurrencies, as evidenced by a large transfer of USDC from Ethereum to Solana that temporarily boosted Solana's price by 3%.
Technical indicators show that the Relative Strength Index (RSI) for USDT on Ethereum was at 65, suggesting a slightly overbought condition, while Ethereum's RSI was at 68, indicating an overbought market.
Summary based on 2 sources
Get a daily email with more Crypto stories
Sources

Blockchain.News • Mar 30, 2025
Stablecoins Predominantly Concentrated on Ethereum, Tron, Solana, and Binance Smart Chain | Flash News Detail
Blockchain.News • Mar 31, 2025
Stablecoins Concentrated on Major Blockchains: Ethereum, Tron, Solana, and Binance Smart Chain | Flash News Detail