Ethereum Breaks Monthly Stablecoin Volume Record in April - Surpassing $900 Billion

Ethereum, the world’s leading smart contract blockchain network, witnessed a surge in stablecoin volume in April, reaching unprecedented levels, according to recent data. Stablecoin volume on the Ethereum blockchain reached a record $908 billion in April as a result of growing institutional adoption of this type of crypto asset. Ethereum broke a monthly stablecoin trading volume record in April following the emergence of one notable contributor.

Ethereum hit a record US$908 billion in on-chain stablecoin transactions in April 2025, showing growing adoption in finance. The biggest Layer 1 on-chain stablecoin volume reached a historic $908 billion in April 2025, marking a new all-time high, according to The Block. In April, Ethereum saw its monthly stablecoin volume reach a remarkable $1.12 trillion.

This surge, up from Ethereum’s on-chain stablecoin volume soared to a new all-time high of $908 billion in April 2025, driven by a surge in institutional adoption and rising market interest. After months of largely flat activity, total monthly stablecoin volume on Ethereum has increased for the past three months in a row, culminating in a record-breaking. However, this surge also includes flash loan activity, which significantly boosted the figures.

The USD Coin (USDC) led this growth, with Circle’s stablecoin playing a significant role. Moreover, the majority of that landmark figure was contributed by DAI, whose Ethereum...

In fact, last month's network volume increased...