Circle 的 USDC 穩定幣流通供應量超過 500 億美元，標誌著一個重要的里程碑

Circle 美元幣（USDC）的流通量已超過 500 億美元，這是穩定幣時隔三年取得的重大成就。

The circulating supply of Circle’s USD Coin (USDC) has surpassed $50 billion, a significant achievement for the stablecoin after three years.

Circle 的美元硬幣（USDC）的流通量已超過 500 億美元，這是穩定幣時隔三年取得的重大成就。

According to data from DeFiLlama, the supply reached approximately $51 billion on January 22. This marks a substantial recovery from its lowest point in 2023, when it dropped below $24 billion.

根據 DeFiLlama 的數據，1 月 22 日供應量達到約 510 億美元。

However, the stablecoin remains approximately 10% below its highest recorded supply of $55.9 billion, which was observed in mid-2022. This indicates that while USDC has regained substantial ground, it has yet to reach its previous peak.

然而，該穩定幣仍比 2022 年中期創下的最高供應量 559 億美元低約 10%。這表明儘管 USDC 已大幅收復失地，但尚未達到先前的峰值。

The distribution of USDC across various blockchain networks has also undergone notable changes. While Ethereum continues to be a dominant platform for the stablecoin, its share of the total supply has significantly decreased.

USDC在各個區塊鏈網路上的分佈也發生了顯著的變化。雖然以太坊仍然是穩定幣的主導平台，但其在總供應量中的份額已大幅下降。

Previously holding 85% of USDC’s supply, Ethereum’s share has now dropped to 61%, illustrating a gradual migration of liquidity to other blockchain networks.

以太坊先前佔據 USDC 供應量的 85%，目前份額已降至 61%，這表明流動性正在逐漸向其他區塊鏈網路遷移。

In contrast, Solana has seen a substantial increase in its share of USDC supply. Previously accounting for less than 3%, Solana’s contribution has now surged to 16%. This shift is largely attributed to traders who prefer the network’s lower transaction costs, particularly for speculative trading activities involving memecoins and AI-related tokens. The cost-effectiveness and efficiency of Solana’s infrastructure have made it an attractive option for market participants seeking to minimize fees and optimize transaction speeds.

相比之下，Solana 的 USDC 供應份額大幅增加。此前佔比不足 3%，Solana 的貢獻現已飆升至 16%。這種轉變很大程度上歸因於交易者更喜歡網路較低的交易成本，特別是涉及迷因幣和人工智慧相關代幣的投機交易活動。 Solana 基礎設施的成本效益和效率使其成為尋求最小化費用和優化交易速度的市場參與者的有吸引力的選擇。

Emerging Blockchain Alternatives

新興的區塊鏈替代方案

Beyond Ethereum and Solana, the emergence of new blockchain platforms has played a crucial role in reshaping the distribution of USDC. One of the key contributors to this shift is Base, an Ethereum Layer 2 network developed with the backing of Coinbase. The platform offers enhanced scalability and reduced transaction costs, making it a competitive alternative for stablecoin transactions.

除了以太坊和 Solana 之外，新的區塊鏈平台的出現在重塑 USDC 的分佈方面發揮了至關重要的作用。這項轉變的關鍵貢獻者之一是 Base，它是在 Coinbase 的支援下開發的以太坊第 2 層網路。該平台提供了增強的可擴展性並降低了交易成本，使其成為穩定幣交易的有競爭力的替代方案。

Additionally, Layer 1 networks such as Hyperliquid have gained traction, providing faster and more efficient solutions for users engaged in digital asset trading. These platforms are increasingly favored by traders who seek lower-cost and high-speed transaction options, further diversifying the usage patterns of USDC.

此外，Hyperliquid 等 Layer 1 網路也獲得了關注，為從事數位資產交易的用戶提供了更快、更有效率的解決方案。這些平台越來越受到尋求低成本和高速交易選擇的交易者的青睞，進一步豐富了 USDC 的使用模式。

As stablecoin adoption continues to evolve, the changing dynamics within blockchain ecosystems highlight a growing preference for networks that prioritize affordability and efficiency. This trend suggests that while Ethereum remains a key player in the stablecoin market, newer blockchain platforms are poised to capture a larger share of USDC transactions in the future.

隨著穩定幣採用的不斷發展，區塊鏈生態系統內不斷變化的動態凸顯了人們對優先考慮可負擔性和效率的網路日益偏好的。這一趨勢表明，雖然以太坊仍然是穩定幣市場的關鍵參與者，但較新的區塊鏈平台預計將在未來佔據 USDC 交易的更大份額。