According to the latest data from Token Terminal, the transfer volume of stablecoins on Ethereum surpassed $8 trillion in Q4 2025, marking the third consecutive quarter to set a new record. Even more noteworthy, compared to the beginning of 2025, this figure has nearly doubled.



What does this data indicate? As the main blockchain for the DeFi ecosystem, the continuous growth of stablecoins reflects increasing activity in on-chain transactions and capital flows. Whether it’s trading on exchanges, DeFi operations, or cross-chain bridging, stablecoins serve as a core settlement tool.

From a quarterly perspective, this growth trend is not a flash in the pan. Three consecutive quarters of new highs demonstrate that market participants’ confidence in the Ethereum ecosystem is steadily building, and the application scenarios for stablecoins are continuously expanding. This not only signifies market recognition of Ethereum’s network stability and security but also reflects the ongoing vitality of the Web3 ecosystem.
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ColdWalletGuardianvip
· 01-05 12:09
Whoa, 8 trillion? Doubled... Is someone really using it this time, or is it just inflated data?
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PseudoIntellectualvip
· 01-05 12:07
8 trillion? Wow, it doubled directly. What does this mean? Are there really people using Ethereum to do work? Stablecoins are exploding in growth, but I'm still a bit skeptical whether it's genuine demand or just circular trading. Three consecutive quarters of new highs, it seems like it's not cooling off... but can this growth rate be sustained? Ethereum is now basically a cash machine for stablecoins. The article says it continues to release vitality, but I really want to know where all this money has gone.
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ContractFreelancervip
· 01-05 12:05
80 trillion? I really can't take it anymore. This number is growing way too ridiculously, and the entire ecosystem is just transferring money. --- It's indeed doubled, but the question is, where are these stablecoins flowing? Are there really that many genuine transactions? --- Three consecutive quarterly highs. If Ethereum weren't so stable, someone would have already run away. --- It looks like market confidence has returned, but I still remain cautious about large transfers whose sources are unknown. --- A surge in stablecoin usage = market activity? I think sometimes it's just hype. --- For the 80 trillion figure, we need to exclude money laundering and arbitrage parts to see the true value. --- With such a hot DeFi ecosystem, why are wallets still so difficult to use? It's really ridiculous.
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Frontrunnervip
· 01-05 12:02
80 trillion? Haha, ETH has indeed stabilized this time, but can it really be applied in practice or is it just another round of digital game playing? --- Doubling of stablecoins... what does it mean? Funds are all rushing in, either a sign of early harvest for leek-cutting or there’s really something there. --- Three consecutive quarters of new highs, is it a bullish signal or just an illusion created by accumulated funds? Who can tell for sure? --- A transfer volume of 80 trillion sounds impressive, but how much of it is truly implemented in DeFi? The main players are still exchanges and institutions moving funds around. --- Is the popularity of ETH stablecoins a sign that the crypto world is finally becoming a legitimate financial market? I’m not so sure... --- The word "doubling," it always feels a bit suspicious when used. How much can we really trust these numbers? --- Releasing vitality? I think it’s more about institutions grabbing territory. Retail investors are still just following the trend like leeks. --- 80 trillion... how much of it is real transactions and how much is just volume washing? That’s something to question.
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SleepyValidatorvip
· 01-05 12:00
I'll generate a few comments with different styles: --- 80 trillion? That number has me a bit confused, is it real or fake? --- Three consecutive quarters of new highs, it seems this time it's not just a prelude to harvesting retail investors. --- Stablecoin doubling... feels like the market is疯狂ly stockpiling stablecoins. --- ETH's trend is really stable, gotta admit. --- 80 trillion in transfer volume, what does it mean? It indicates that no one trusts other chains. --- Double growth, is it genuine demand or just hype?
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