Ethereum Stablecoin卷在四月的記錄$ 908B

以太坊的鏈穩定量飆升至2025年4月的新歷史最高高點，這是由於機構採用和數字美元市場興趣增加的驅動。

April 2025 saw a record high of $908 billion in stablecoin volume pass through Ethereum’s on-chain ecosystem, driven by surging institutional adoption and rising market interest in digital dollars.

2025年4月，在以太坊的鏈生態系統中，達鏈球菌量的創紀錄高達9080億美元，這是由於機構採用和數字美元市場興趣上升的驅動。

The Block’s latest data, updated May 15, showed Circle’s USDC led the way again with over $500 billion in transaction volume, continuing the consistent growth observed over the last six months.

該街區的最新數據（5月15日更新）顯示，Circle的USDC再次以超過5000億美元的交易量領先，繼續在過去六個月中觀察到的一致增長。

Other key contributors included, in order, Chainlink’s stablecoin USDS and MakerDAO’s DAI, highlighting a growing diversity in the stablecoin market.

其他關鍵貢獻者包括Chainlink的Stablecoin USD和Makerdao的Dai，強調了Stablecoin市場的越來越多的多樣性。

This spike highlighted Ethereum’s increasing role as a settlement layer for digital finance, as stablecoins become essential tools for liquidity, payments, and yield strategies.

這種尖峰強調了以太坊作為數字融資的結算層的越來越多的作用，因為穩定幣成為流動性，付款和收益策略的重要工具。

May 2024 saw around $850 billion in stablecoin volume pass through Ethereum, with DAI and USDC largely setting the tone. At the time, the volume showed moderate activity, setting a baseline for the months to follow.

2024年5月，大約8500億美元的Stablecoin量通過了以太坊，DAI和USDC在很大程度上設定了基調。當時，體積顯示中等活性，為隨後的幾個月設定了基線。

July 2024 saw Ethereum experience its highest on-chain volume during the entire 12-month period—nearly $1.5 trillion. This surge was largely driven by a dramatic rise in DAI transactions, suggesting heightened DeFi activity or increased lending and borrowing using DAI. USDC also grew, although more gradually, while other stablecoins contributed minimally.

2024年7月，以太坊在整個12個月期間經歷了最高的鏈體積，幾乎是1.5萬億美元。這種激增在很大程度上是由DAI交易的急劇上升驅動的，這表明使用DAI增加了Defi活性或增加貸款和借貸。 USDC也增長了，儘管更逐漸地，而其他穩定的穩定劑的貢獻最少。

September 2024 saw a sharp decline in volume, dipping below $800 billion. This drop may have reflected market cooldowns following DeFi peaks or broader crypto market corrections. However, activity picked up again by November 2024, with volume climbing back above $1 trillion. During this period, USDC gained noticeable traction, overtaking DAI in some bars, while smaller players like USDS and USDe began appearing, suggesting a more diverse stablecoin market was taking shape.

2024年9月的數量急劇下降，低於8000億美元。這種下降可能反映了在Defi Peaks或更廣泛的加密貨幣市場更正後的市場冷卻。但是，到2024年11月，活動再次獲得，量攀升至1萬億美元以上。在此期間，USDC獲得了引人注目的吸引力，在某些酒吧中超越了DAI，而像USD和USDE”（USD）和USDE的較小玩家開始出現，這表明一個更多樣化的Stablecoin市場正在成形。

The trend continued into January 2025, with volume holding steady and USDC remaining in the lead. Even as new stablecoins entered the ecosystem, affecting the smaller tiers of the chart, DAI showed resilience, maintaining its share despite competition. The growing presence of alternative stablecoins highlighted the ecosystem’s increasing complexity and user preference for various compliance or decentralization features.

趨勢一直持續到2025年1月，數量保持穩定，USDC仍處於領先地位。即使新的Stablecoins進入生態系統，影響了圖表的較小層次，DAI表現出韌性，儘管競爭競爭，但仍保持其份額。替代穩定蛋白的日益增長強調了生態系統對各種合規性或權力下放特徵的複雜性和用戶偏好的日益增長。

March 2025 saw another major surge, returning above $1.4 trillion. USDC saw its highest ever single-month transaction volume, surpassing $500 billion, while DAI and Tether’s USDT also posted strong performances. This surge reflected robust market conditions and renewed institutional engagement.

2025年3月，又一次重大激增，回報了1.4萬億美元。 USDC的單月交易量最高，超過了5000億美元，而Dai和Tether的USDT也表現出色。這次激增反映了良好的市場狀況並更新了機構參與。

Although May 2025 saw a notable drop to around $700 billion (marked with an asterisk due to ongoing compilation), USDC remained the leader, suggesting ongoing trust and adoption by large-scale users.

儘管2025年5月的明顯下降到約7000億美元（由於持續的彙編而標記為星號），但USDC仍然是該領導者，這表示持續的信任和被大規模用戶的採用。

Overall, this 12-month analysis underscores Ethereum’s growing dominance as a base layer for stablecoin activity. With April 2025 setting a new all-time high of $908 billion in on-chain volume, and with USDC continuing to lead, Ethereum is increasingly being positioned as the settlement hub for both decentralized finance and institutional-grade digital assets. The diversification of stablecoin usage also speaks to a maturing ecosystem, driven by evolving user demands and technological innovation.

總體而言，這項為期12個月的分析強調了以太坊作為穩定活性的基礎層的占主導地位。隨著2025年4月的新歷史最高額度為9008億美元的鏈上銷量，隨著USDC繼續領導，以太坊越來越被定位為分散融資和機構數字資產的結算樞紐。 Stablecoin使用的多元化也表明了一個成熟的生態系統，這是在不斷發展的用戶需求和技術創新的推動下。