"USDT surpasses WETH to become number one in ERC20 transaction volume" USDT transactions on the Ethereum network have surged. The daily transaction volume, which was around 80,000 in June 2023, steadily increased, peaking at 317,000 on September 3, 2025. For the first time since 2021, USDT has overtaken WETH to become the number one in ERC20 transaction volume. Until now, WETH has played a foundational asset role in the DeFi ecosystem, leading ERC20 transactions. However, with the recent rapid increase in USDT transactions, the demand for stablecoins has been reaffirmed in the context of expanding on-chain transactions, payments, and liquidity provision. The current top three ERC20 tokens by transaction volume are as follows: 1. USDT – Leading with all-time high transaction volume 2. WETH – Still maintaining its position as a core asset in DeFi 3. USDC – Steadily growing based on stability and regulatory trust This change indicates that the flow of the Ethereum token economy is...
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