A significant increase in stablecoin supply across various blockchains has been noticed over the past seven days. Today, metrics from Lookonchain identified that Ethereum experienced a $1.3 billion rise in USDT and USDC stablecoins over the past week. However, stablecoin supply on the Hyperliquid blockchain declined by $77 million.
Stablecoin inflows in blockchains
As per the metrics, Ethereum emerged as the leading blockchain for stablecoin transactions. The blockchain recorded an inflow of $1.3 billion in USDT and USDC from March 3 to March 9, 2025. It was followed by Solana, which registered a $347 million surge in stablecoin supply during that same period.
Avalanche came third with an increase of $170 million in stablecoins while Arbitrum settled on the fourth position with a rise of $144 million. Berachain, Polygon, and Base also experienced significant inflows of USDC and USDT by $53.62 million, $32.17 million, and $24 million respectively.
Aptos, TON, and TRON also made it to the list of top 10 blockchain networks with highest increases on stablecoin inflows over the past week. Aptos had a surge of $10.43 million. TON recorded a growth of $10.3 million and TRON drew in $9 million.
This stablecoin growth highlights the prominence of these blockchain networks in enabling stablecoin transfers. Other blockchains are also mentioned, as highlighted in the chart above.
Stablecoins bring boom to the crypto market
Since the start of the year, Tether and Circle have been increasing the supply of their USDT and USDC stablecoins on various blockchain networks. The growth of the stablecoin supply is a bullish indicator for crypto assets, meaning that money is stockpiling in the cryptocurrency market.
Stablecoins have their prices pegged to fiat money, majorly the US dollar. They are popular liquidity providers for crypto trading, acting as stable assets that crypto enthusiasts use to purchase tokens on exchanges.
Since President Trump announced the winner last year, there has been lots of interest from both institutions and retail investors in the digital asset market. One indicator for this behaviour is the balance on USDT and USDC stablecoins on exchanges / blockchain networks. The amount of stablecoins on blockchain networks have increased sharply. This surge coincides with massive investors’ interest and trading activity in the crypto market. The stablecoin expansion occurs when trading activity has surged across numerous platforms of the digital asset economy.Â
