Surging transaction volumes and active addresses highlight Ethereum’s dominance in on-chain payments and tokenized assets
Ethereum recorded a historic milestone in the fourth quarter, processing over $8 trillion in stablecoin transfers, the highest quarterly figure ever observed on the network. The surge reflects accelerating real-world usage of blockchain-based payments rather than speculative trading activity.
Stablecoin Transfer Volume Nearly Doubles
The $8 trillion in Q4 stablecoin transfers represents nearly double the volume seen in Q2, when transfers totaled just above $4 trillion. Over the course of the year, stablecoin issuance on Ethereum expanded by approximately 43%, rising from $127 billion to $181 billion. This growth signals increasing reliance on Ethereum as a settlement layer for global digital dollars.
This activity reflects payments, remittances, and treasury movements occurring directly on-chain.
Network Activity Reaches All-Time Highs
Ethereum’s broader network usage climbed alongside stablecoin growth. Daily transactions peaked at 2.23 million in late December, marking a 48% year-over-year increase. Monthly active addresses also reached a record 10.4 million, while daily active sender and receiver addresses exceeded one million.
Ethereum maintains its position as the primary infrastructure for stablecoins and real-world asset tokenization. It accounts for 57% of all stablecoins issued and roughly 65% of on-chain real-world asset value, rising above 70% when layer-2 networks are included.
The data underscores Ethereum’s role as the backbone of on-chain financial infrastructure, with adoption continuing to accelerate.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.