USDC Usage Skyrockets on Ethereum: Reaching New All-Time Highs

While the total amount of USDC circulating on Ethereum remains relatively steady around $40 billion, recent data shows a significant surge in both transfer volume and frequency. This indicates a major uptick in stablecoin usage within the Ethereum ecosystem. 7.2 million monthly transactions have hit an all-time high, surpassing previous peaks from bull market periods. This suggests that USDC is being used more frequently for everyday payments, trading, and DeFi activity.