🚨 NEW ATH: Stablecoin Volume on Ethereum Hits $2.82 Trillion
Traders are chasing yield hard, October stablecoin volume on Ethereum just smashed records.
📊 $2.82T total on-chain volume (prev ATH: $1.94T in Sept)
🔥 +45% MoM growth
Breakdown:
• 💵 USDC: $1.62T (dominant)
• 💴 USDT: $895.5B
• 🪙 DAI: $136B (down from $141B)
Analysts say yield farming + new “liquid yield tokens” are fueling the boom.
Stablecoins are becoming the engine of onchain activity.
$ETH not just a plain gas, it’s the yield highway. ⛽️

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