Stablecoin transfer volume on Ethereum exceeded $8 trillion in the fourth quarter of 2025, setting a modern all-time record, Token Terminal reported on Monday.
The $8 trillion milestone is almost double the second quarter’s transfer volume of just over $4 trillion, According to to the Token Terminal chart.
Stablecoin issuance on Ethereum increased by approximately 43% in 2025, from $127 billion to $181 billion at the end of the year, According to to BlockWorks.
“This is not speculation. These are global on-chain payments,” commented “BMNR Bullz” on X. “This occurred before SWIFT-style integration, full RWA tokenization and the launch of institutional rails.
“The tracks are already built. Adoption is catching up,” they say in addition.
Ethereum transactions and addresses are at their peak
This milestone coincided with an all-time high in the total number of daily transactions on the Ethereum network, which reached 2.23 million at the end of December. According to to Etherscan. Daily Ethereum transactions are currently up 48% compared to the same period last year.
Token Terminal reports that the number of monthly dynamic Ethereum addresses reached an all-time high of 10.4 million in December.

Related: Last week, Ethereum added $1 billion worth of stablecoins almost daily
The daily number of unique addresses dynamic in the network as senders or recipients also increased and exceeded one million at the end of December.
Ethereum remains the king of RWA tokenization
The Ethereum network remains the primary settlement layer for stablecoins and real-world asset tokenization, with approximately 65% market share of total on-chain RWA value, or approximately $19 billion, according to RWA.xyz.
This market dominance increases to over 70% when Layer 2 networks and EVM are included.
Ethereum currently has 57% of the market share of all stablecoins issued, and the Tron network is in second place with 27%.
Tether (USDT) remains the market leader in terms of issuance with $187 billion, representing 60% of the total stablecoin market, more than half of which is Ethereum.
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