In the fourth quarter of 2025, Ethereum achieved a historic milestone by processing over $8 trillion in stablecoin transfers, nearly doubling the figure from the second quarter, which was slightly above $4 trillion. This surge in activity was reported by Token Terminal and highlights Ethereum's leading role in the stablecoin sector.
Alongside the impressive transfer volumes, Ethereum saw a peak of 2.23 million daily transactions in late December, marking a 48% increase compared to the previous year. The number of active monthly addresses also reached an all-time high of 10.4 million, signaling growing user engagement on the network.
Ethereum maintains a dominant position in the market, holding approximately 65% of the total real-world asset (RWA) on-chain value, which is around $19 billion. When considering layer-2 and EVM networks, this market share exceeds 70%. In terms of stablecoin issuance, Ethereum commands a 57% share, with Tether (USDT) leading the stablecoin market at $187 billion, over half of which is on the Ethereum platform.