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Stablecoin transaction volume on the Ethereum network rose to a new record in the last quarter of 2025, exceeding $8 trillion, according to … For data provided by Token Terminal.
Important points:
Ethereum remains the leading platform for stablecoins and real-world asset (RWA) tokenization in terms of market share.
Stablecoin transfers on the Ethereum network hit a record of $8 trillion in Q4 2025, almost double the levels of Q2.
The increase in the number of addresses and addresses indicates the actual use of push and not speculative sales.
The number was almost twice from the more than $ 4 trillion that was recorded in the second quarter, which clearly shows the growth of Ethereum as a stable part of digital dollars.
This increase coincides with the steady growth of stablecoins on the network. Data from Blockworks shows that the issuance of fixed income on the Ethereum network grew by about 43% in the year 2025, reaching its value from $ 127 billion to about $ 181 billion by the end of the year.
The development of stablecoins on Ethereum reflects real payments, not just speculation
Market participants say these numbers reflect actual usage rather than estimates.
An analyst writing on Platform X described its growth as “a global payment system built on the blockchain,” adding that the integration of many businesses has yet to be fully implemented.
Online activity also saw new levels during the same period. The number of daily transactions on the Ethereum network reached a record 2.23 million transactions at the end of December, according to EthereumScan data, a sign of an increase of 48% compared to last year.
Data from Token Terminal shows that the number of monthly active addresses reached 10.4 million in December, while the number of unique addresses for daily sending and receiving exceeded 1 million at the end of the month.
EXCHANGE: The exchange rate of a stablecoin @ethereum exceeded $8 trillion in Q4, marking a new high. pic.twitter.com/CzXBO9bt0W
– Symbol Terminal
(@tokenterminal) January 4, 2026
Ethereum’s dominance is not only based on transfers, but the network remains the leading platform for tracking real assets, accounting for about 65% of the total value of real assets on the chain, which is estimated at $19 billion, according to RWA.xyz.
When you combine Layer 2 networks with other EVM chains, this number rises to over 70%.
In the stablecoin market, Ethereum still has a large market share of around 57%, ahead of Tron at 27%.
Tether is the largest provider, with approximately $187 billion in circulation, more than half of that of the Ethereum network.
Vitalik announces a solution to Ethereum’s triple problem
This time, Vitalik Buterin, co-founder of the Ethereum network, says that the network has solved the blockchain trilemma, more than the most important thing that many in the cryptocurrency world for a long time considered impossible.
In a post on X Saturday, Buterin said that recent and upcoming updates have brought together decentralization, security, and scalability through the code that runs in the production environment.
At the heart of these insights are two technological developments, including peer-to-peer access models (PeerDAS) and Ethereum virtual machines (zkEVMs).
Together, Buterin said, they are working to transform Ethereum into “a new, more powerful type of decentralized network.”
“Now, with PeerDAS (2025) and ZK-EVMs (we hope that small parts of the network will use them in 2026), we get: distribution, consensus, and high bandwidth,” Buterin wrote.
“The trilemma has been solved – not on paper, but through code that works.”
PeerDAS, introduced with the Fusaka update in December, is designed to significantly increase the amount of data that Ethereum can process.
This system enables nodes to check data availability without downloading entire datasets, reducing hardware requirements and enabling high throughput. Buterin pointed out that half of the solution to the trilemma has already started on the mainnet.
The other half comes from zkEVMs, which allow Ethereum blocks to be verified using zero-knowledge information while connecting to the existing Ethereum virtual machine.
Although zkEVM technology has been developing for many years, Buterin called them “alpha” in terms of security, although their work is already being planned.
A note Ethereum saw stablecoin transfers of $8 trillion in Q4 2025 appeared for the first time Cryptonews Arabic.
