Stablecoin, ETF, and DAT Value Soars 3x but Growth Slows Down

Digital asset liquidity surged in 2024 and 2025, reaching $560 billion for stablecoins, exchange-traded funds (ETFs), and digital asset trusts (DATs) – a nearly three-fold increase from $180 billion in 2024. However, this explosive growth is cooling down. This deceleration signals that the key drivers of crypto liquidity – stablecoins, ETFs, and DATs – might be entering a consolidation phase.