Just now, the stablecoin “money ledger” hit a new milestone: the amount of on-chain dollars transferred in a month is nearing $1.2 trillion 💵
First, take a look at these comparisons 👇
🔹 Adjusted monthly stablecoin transfer volume: nearly $1.2 trillion
🔹 Early 2024: around $250 billion per month. It’s now about 4.8 times that amount
🔹 Spot crypto trading volume: still well below the 2021 bull-market peak (the bar in the chart above $4 trillion), and in recent months has been less than half of what it was then
Put simply: crypto prices and spot trading haven’t returned to the frenzy of 2021, but stablecoin usage has been following a growth curve of its own.
Stablecoins used to be mainly “chips” on exchanges, used to buy and sell crypto. Now, more and more money is being transferred, sent, and received directly on-chain—their use goes beyond crypto trading.
What does this mean for everyday holders?
1️⃣ Demand for on-chain dollars is no longer driven solely by market trends; it keeps growing even when trading cools down
2️⃣ The public blockchains, wallets, and payment rails that support stablecoins are the most direct beneficiaries of this growth
3️⃣ The metric to watch next: whether spot trading volume can keep up with stablecoin growth. If both start rising together, it means off-exchange money is coming back too
Are you mainly using the stablecoins you hold to trade, or have you started using them for transfers and earning returns?
#加密金库存款超100亿美元 #ETH #BNB
First, take a look at these comparisons 👇
🔹 Adjusted monthly stablecoin transfer volume: nearly $1.2 trillion
🔹 Early 2024: around $250 billion per month. It’s now about 4.8 times that amount
🔹 Spot crypto trading volume: still well below the 2021 bull-market peak (the bar in the chart above $4 trillion), and in recent months has been less than half of what it was then
Put simply: crypto prices and spot trading haven’t returned to the frenzy of 2021, but stablecoin usage has been following a growth curve of its own.
Stablecoins used to be mainly “chips” on exchanges, used to buy and sell crypto. Now, more and more money is being transferred, sent, and received directly on-chain—their use goes beyond crypto trading.
What does this mean for everyday holders?
1️⃣ Demand for on-chain dollars is no longer driven solely by market trends; it keeps growing even when trading cools down
2️⃣ The public blockchains, wallets, and payment rails that support stablecoins are the most direct beneficiaries of this growth
3️⃣ The metric to watch next: whether spot trading volume can keep up with stablecoin growth. If both start rising together, it means off-exchange money is coming back too
Are you mainly using the stablecoins you hold to trade, or have you started using them for transfers and earning returns?
#加密金库存款超100亿美元 #ETH #BNB