Ethereum Sees Record $8T Stablecoin Transfer Volume in Q4 2025

Stablecoin switch quantity on Ethereum climbed to a brand new all-time high in the fourth quarter of 2025, topping $8 trillion, based on data released by Token Terminal.

The determine practically doubled from simply over $4 trillion recorded in the second quarter, highlighting Ethereum’s rising position as a settlement layer for digital {dollars}.

The surge in exercise coincided with a gradual growth in stablecoin provide on the community. Data from Blockworks exhibits stablecoin issuance on Ethereum rose about 43% over the course of 2025, growing from $127 billion to roughly $181 billion by yr’s finish.

Ethereum Stablecoin Growth Signals Real Payments, Not Speculation

Market individuals say the numbers level to sensible utilization relatively than speculative flows.

One analyst posting on X described the expansion as “world funds taking place on-chain,” including that broader institutional integrations have but to completely come on-line.

Network exercise additionally hit new highs throughout the identical interval. Daily transactions on Ethereum reached a file 2.23 million in late December, based on Etherscan, marking a 48% enhance in contrast with a yr earlier.

Token Terminal information exhibits month-to-month energetic addresses peaked at 10.4 million in December, whereas day by day distinctive sending and receiving addresses surpassed a million towards the tip of the month.

BREAKING: The stablecoin switch quantity on @ethereum surpassed $8 trillion in Q4, marking a brand new all-time high. pic.twitter.com/CzXBO9bt0W

— Token Terminal (@tokenterminal) January 4, 2026

Ethereum’s dominance extends past transfers. The community stays the main platform for real-world asset tokenization, accounting for roughly 65% of complete on-chain RWA worth, estimated at round $19 billion, based on RWA.xyz.

When layer-2 networks and different EVM-compatible chains are included, that share rises above 70%.

In the stablecoin market, Ethereum continues to carry the biggest share of issuance at about 57%, forward of Tron’s 27%.

Tether stays the dominant issuer general, with roughly $187 billion in circulation, greater than half of which resides on Ethereum.

Vitalik Declares Ethereum’s Trilemma ‘Solved’

Meanwhile, Ethereum co-founder Vitalik Buterin says the network has solved the blockchain trilemma, crossing a milestone many in crypto lengthy considered as unattainable.

In a put up on X on Saturday, Buterin argued that latest and upcoming upgrades have lastly aligned decentralization, safety, and scalability by means of code already operating in manufacturing.

At the middle of the declare are two technical advances, together with peer information availability sampling (PeerDAS) and zero-knowledge Ethereum digital machines (zkEVMs).

Together, Buterin stated, they’re turning Ethereum into “a basically new and extra highly effective sort of decentralized community.”

“Now, Ethereum with PeerDAS (2025) and ZK-EVMs (count on small parts of the community utilizing it in 2026), we get: decentralized, consensus and high bandwidth,” Buterin wrote.

“The trilemma has been solved — not on paper, however with dwell operating code.”

PeerDAS, launched with the Fusaka improve in December, is designed to dramatically enhance how a lot information Ethereum can course of.

It permits nodes to confirm information availability with out downloading complete datasets, reducing {hardware} necessities whereas enabling greater throughput. One half of the trilemma resolution, Buterin famous, is already dwell on mainnet.

The different half rests with zkEVMs, which permit Ethereum blocks to be validated utilizing zero-knowledge proofs whereas remaining appropriate with the present Ethereum digital machine.

While zkEVMs have been in growth for years, Buterin described them as “alpha-stage” in phrases of safety, even when their efficiency is already production-ready.

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