Ethereum Stablecoin Volume Hits New Record
Ethereum did $908 billion in stablecoin volume in April according to onchain data.
Ethereum stablecoin volume soared to a record $908 billion in April, with USDC leading the charge amid increased institutional adoption, The Block reports.
What’s the Scoop?
- Record Volume: Ethereum filtered onchain volume of stablecoins reached a new all-time high in April, hitting $908 billion.
- Institutional Adoption: Institutional adoption and high-profile developments have driven increased use of stablecoins on Ethereum.
- USDC Dominance: USDC saw particularly strong growth, exceeding $500 billion in transaction volume over the past six months.
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