Ethereum’s Stablecoin Surge: A Record-Breaking Q4

Stablecoin transfers on the Ethereum blockchain alone account for over $8 trillion in the last quarter of 2025, a new record has been set, Token Terminal reported on Monday. The $8 trillion figure is nearly twice as much as the volume for the second quarter, which was slightly over $4 trillion, as per the chart by Token Terminal.

On the other hand, the supply of stablecoins on ETH has grown by approximately 43% in 2025, going from $127 billion to $181 billion by the end of the year, according to BlockWorks.

Ethereum’s Network Activity Reaches New Heights

Daily transactions on the network hit a record of 2.23 million in the last days of December, while active monthly addresses reached a new high of 10.4 million. The decision to combine Ether’s smart contract capabilities with a well-tested infrastructure has resulted in it becoming the most dependable settlement layer for stablecoins and RWA tokenisation.

Also Read: ETH Enters New Scaling Era With PeerDAS and ZK-EVM Integration

Ethereum Leads in Stablecoin and RWA Market Share

Ether network is still the main settlement layer for stablecoins and real-world asset tokenization, holding roughly a 65% share of the total RWA on-chain value, which is about $19 billion, as per RWA.xyz. When layer, 2 and EVM networks are factored in, that market dominance goes beyond 70%.

At present, Ethereum accounts for 57% of the total market of stablecoins, while the Tron network is the runner, up with a 27% share. Tether USDT $1 is still the market leader in terms of issuance with $187 billion, representing 60% of the entire stablecoin market, and a little over half of that is on Ethereum.

Also Read: Ethereum’s Vitalik Buterin Maps Shift to ZK-EVM Validation in 2027–2030 Roadmap