Blockchain transaction fees are dominated by stablecoins, according to a recent report from Standard Chartered Bank. A staggering 40% of all transactions on the blockchain involve stablecoins, primarily powered by Ethereum. The bank predicts a significant shift in the industry, projecting an eightfold growth of the stablecoin sector by 2028, highlighting its crucial role in DeFi frameworks and transaction reliability. Analysts attribute this growth to increasing demand for secure and user-friendly solutions within the blockchain space. 8x growth is expected by 2028 due to increased DeFi activities and regulatory adaptability. These projections will have a significant impact on Ethereum’s ecosystem, potentially attracting more institutional interest and shaping the future of digital currencies. The report comes on the heels of recent analysis from Jinshi and ChainCatcher revealing that stablecoins are now the most dominant force in blockchain transactions, accounting for 40% of all fees, with Ethereum handling over half of the stablecoin activity. As adoption continues to rise, security and usability within Ethereum’s capabilities could drive investor interest. While current reactions remain muted, the Bank’s forecast underscores the robust growth potential of the sector.