Data: In October, the stablecoin volume on Ethereum reached $2.82 trillion, setting a new historical high.

2025-11-03 05:25:19

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According to Mars Finance, data from The Block shows that in October 2025, the trading volume of stablecoins on Ethereum reached $2.82 trillion, setting a historical high with a month-on-month rise of 45%. Circle's USDC leads with $1.62 trillion, followed by USDT with $895.5 billion, and MakerDAO's DAI ranks third with $13.6 billion. Analysts point out that during the pullback in the crypto market (Bitcoin fell 11.5% monthly, Ethereum fell 16.4% monthly), traders actively seek profit opportunities and manage liquidity to prepare for buying assets at lower prices. Stablecoin issuers have thus become the main source of revenue in crypto protocols, accounting for 65%-70% of daily total revenue.

ETH-5.08%

USDC0.04%

DAI0.04%

BTC-3.95%

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