The number of unique stablecoin senders per week on Ethereum has increased at an exponential rate in the last 12 months.
From January 2020 to July 2024, there was an average of ~400,000 stablecoin senders on Ethereum per week. Since August 2024, this figure has grown by over 1.7% per week on average, consistently setting record highs.
In 2025, there have been, on average, 720,000 unique senders on Ethereum per week, while in the past two weeks alone, this number has surpassed 1 million weekly unique stablecoin senders.
The surge in unique stablecoin senders is primarily a function of rising stablecoin adoption. For example, in countries with shaky forex or capital controls, stablecoins are the practical dollar. Moreover, perpetual contracts, prediction markets, and most RWAs all fund and settle in stablecoins, meaning every new related app and product spins up fresh addresses.
Meanwhile, Ethereum, as the Layer 1 settlement venue, captures the onboarding, rebalancing, and payout flows that translate into many new stablecoin senders.
In summary, stablecoins are becoming a mainstream payment and settlement rail. Barring a major policy or peg shock, we expect this metric to continue up-and-to-the-right as merchant payouts, remittances, and app incentives scale.
This is an excerpt from The Block’s Data & Insights newsletter. Dig into the numbers making up the industry’s most thought-provoking trends.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
