Ethereum Dominates Stablecoin Market with $78B Share as Trading Volumes Surge Across Blockchains

March 31, 2025
Ethereum Dominates Stablecoin Market with $78B Share as Trading Volumes Surge Across Blockchains
  • 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

More Stories