Ethereum stablecoin volume hits record $1.46 trillion as DeFi demand surges

Ethereum’s on-chain stablecoin volume has reached an all-time high of $1.46 trillion, more than doubled from $650 billion at the start of the year.

The growth in stablecoin usage is more hopefully indicative of a maturing ecosystem. Higher stablecoin volumes mean deeper liquidity pools, reducing slippage and improving overall market efficiency.