Ethereum Stablecoin卷在四月的记录$ 908B

以太坊的链稳定量飙升至2025年4月的新历史最高高点，这是由于机构采用和数字美元市场兴趣增加的驱动。

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，在以太坊的链生态系统中，达链球菌量的创纪录高达9080亿美元，这是由于机构采用和数字美元市场兴趣上升的驱动。

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.

该街区的最新数据（5月15日更新）显示，Circle的USDC再次以超过5000亿美元的交易量领先，继续在过去六个月中观察到的一致增长。

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

其他关键贡献者包括Chainlink的Stablecoin USD和Makerdao的Dai，强调了Stablecoin市场的越来越多的多样性。

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.

这种尖峰强调了以太坊作为数字融资的结算层的越来越多的作用，因为稳定币成为流动性，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，大约8500亿美元的Stablecoin量通过了以太坊，DAI和USDC在很大程度上设定了基调。当时，体积显示中等活性，为随后的几个月设定了基线。

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，以太坊在整个12个月期间经历了最高的链体积，几乎是1.5万亿美元。这种激增在很大程度上是由DAI交易的急剧上升驱动的，这表明使用DAI增加了Defi活性或增加贷款和借贷。 USDC也增长了，尽管更逐渐地，而其他稳定的稳定剂的贡献最少。

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月的数量急剧下降，低于8000亿美元。这种下降可能反映了在Defi Peaks或更广泛的加密货币市场更正后的市场冷却。但是，到2024年11月，活动再次获得，量攀升至1万亿美元以上。在此期间，USDC获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的较小玩家开始出现，这表明一个更多样化的Stablecoin市场正在成形。

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.

趋势一直持续到2025年1月，数量保持稳定，USDC仍处于领先地位。即使新的Stablecoins进入生态系统，影响了图表的较小层次，DAI表现出韧性，尽管竞争竞争，但仍保持其份额。替代稳定蛋白的日益增长强调了生态系统对各种合规性或权力下放特征的复杂性和用户偏好的日益增长。

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，回报了1.4万亿美元。 USDC的单月交易量最高，超过了5000亿美元，而Dai和Tether的USDT也表现出色。这次激增反映了良好的市场状况并更新了机构参与。

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.

尽管2025年5月的明显下降到约7000亿美元（由于持续的汇编而标记为星号），但USDC仍然是该领导者，这表示持续的信任和被大规模用户的采用。

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.

总体而言，这项为期12个月的分析强调了以太坊作为稳定活性的基础层的占主导地位。随着2025年4月的新历史最高额度为9008亿美元的链上销量，随着USDC继续领导，以太坊越来越被定位为分散融资和机构数字资产的结算枢纽。 Stablecoin使用的多元化也表明了一个成熟的生态系统，这是在不断发展的用户需求和技术创新的推动下。