The altcoin market is experiencing significant growth, with the total market cap approaching its May 2021 high of $984 billion, indicating a potential shift in speculative interest from Bitcoin. In addition, ERC-20 stablecoins have reached an all-time high market cap, reflecting increased confidence and liquidity within the crypto ecosystem. The stablecoin market cap has seen a remarkable increase of over 300% since 2021, surpassing $200 billion. Recent data shows that more than $9.7 billion in stablecoins were minted in the past 30 days, with the stablecoin market cap growing by $18 billion during the same period. As of this week, the stablecoin market cap has surged past $190 billion, breaking its previous record from April 2022. The overall crypto market cap stands at $3.4 trillion, with Bitcoin reaching all-time highs and Ethereum's stablecoin market cap increasing by 68% relative to Solana's total stablecoin market cap in the past week.