Stablecoin Absolute Domination: 90-Day On-Chain Value Transfer Data Reveals Market Truth

2025-12-20 05:40:09

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【Crypto World】Recent on-chain data is quite interesting. According to the 90-day simple moving average, stablecoins have completely dominated the value transfer game.

USDC transfer volume has reached approximately $124 billion, with USDT close behind at about $68 billion — these two stablecoins alone far surpass all mainstream assets. In comparison? Bitcoin, though expensive, has a transfer volume of only about $81 billion; Ethereum around $7.9 billion; SOL and XRP are at the levels of $9.6 billion and $2.2 billion respectively; BNB is even lower at about $1.6 billion.

The logic behind this data is clear — stablecoins have evolved into the most important on-chain liquidity channels. They are no longer just benchmarking tools but have become the most active assets in the crypto market. Whether it’s trading pairs, cross-chain transfers, or lending activities, stablecoins are infrastructure-level entities.

BTC-0.18%

ETH-0.24%

SOL-1.48%

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MelonField

· 12-20 06:10

Are stablecoins really getting intense? Now even Bitcoin has to step aside? That's a bit outrageous.

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TaxEvader

· 12-20 06:02

The data on stablecoins is indeed astonishing... BTC is clearly more valuable, yet the traffic is being dominated by others. It's really a bit ironic.

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ThreeHornBlasts

· 12-20 06:01

Stablecoins are so strong? Then what are we still hyping up for fake coins haha --- USDT and USDC really have overtaken BTC, it's a bit ironic --- All liquidity is in stablecoins, no wonder exchanges are making a killing --- Wait, what does this mean? Are big players arbitraging? --- Looks like I need to rethink the on-chain ecosystem, stablecoins are the real boss --- Damn, such large transfer amounts, are they all just harvesting retail investors? --- BTC is expensive, but these liquidity stats really slap in the face --- Infrastructure level, sounds like stablecoins have become a necessity --- Remember, you have to convert to stablecoins before trading, no wonder they take such a big share --- This isn't crazy enough yet, it feels like even more insane gameplay is coming

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TopBuyerBottomSeller

· 12-20 05:58

The data on stablecoins is indeed impressive. Even with BTC being so expensive, transfer volumes are still being dominated. It really has become just a tool.

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RugDocDetective

· 12-20 05:54

Why is the stablecoin traffic so intense? To put it simply, everyone is using them as trading pairs, but the real value flow isn't actually there.

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Anon32942

· 12-20 05:41

Stablecoins have indeed become the main arbitrage tool for major players, with USDT and USDC totaling nearly 200 billion, while Bitcoin is no longer enough to keep up.

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