Tether's USDT stablecoin supply has reached a new all-time high of $158 billion, driven by increased demand across cryptocurrency markets and a 12.46% rise in trading volume over 24 hours. On the Tron blockchain alone, USDT supply stands at approximately $81.7 billion, reflecting a $20 billion increase since the start of 2025. The 30-day moving average of USDT transfer volume across major blockchains has steadily increased to $52.9 billion, indicating a gradual recovery in stablecoin velocity and market activity. Meanwhile, Solana has demonstrated strong growth in 2025, breaking records in tokenized stock volume by processing $293 million within a month of launch, surpassing all other chains for the year. Solana has also led all Layer 1 and Layer 2 blockchains in network revenue for ten consecutive months. In July alone, $690 million worth of assets were bridged to Solana from other chains, a 50.7% increase from June. Additionally, over 30% of total on-chain decentralized exchange volume in 2025 has occurred on Solana. Circle minted $4.5 billion in stablecoins on Solana in July, more than the combined total of the previous two months. Stablecoin transfer volume on Solana surged 53% in July, reaching $215 billion, with USDC accounting for $185 billion of that volume.