Ethereum Records $1.18 Trillion in Stablecoin Transfers: Driven by Low Fees & Layer 2 Adoption

Ethereum has hit a new milestone, recording a staggering $1.18 trillion in stablecoin transfers within the past 30 days. This figure marks a dramatic surge, surpassing previous records and solidifying Ethereum’s position as the dominant blockchain for stablecoin activity. Notably, low gas fees have fueled this growth, encouraging increased usage of Layer 2 (L2) scaling solutions like Arbitrum and Base.