Stablecoins Dominate Blockchain with $3 Trillion Monthly Volume, 16x Growth

Stablecoins have become a significant part of blockchain activity, representing 55% of all transactions and handling more than $3 trillion in monthly volume, compared to Visa's $1.2 trillion. Over the last four years, stablecoin transfers have grown 16 times, highlighting widespread crypto adoption. In April, stablecoin transfer volumes jumped to $1.68 trillion and reached $3 trillion over the last 30 days. The top stablecoins by monthly transfer volume are issued by both decentralized entities like MakerDAO, Blast_L2, and ethena_labs, and centralized entities like Tether and Circle. These trends have been observed since January 2023.