As 2025 draws to a close, Ethereum is celebrating a monumental achievement. The network has processed a staggering $8 trillion in stablecoin transfers during the fourth quarter, a record that nearly doubles the $4 trillion volume seen in the second quarter. This impressive milestone highlights the burgeoning role Ethereum plays in the decentralized finance (DeFi) landscape.
Data from BlockWorks shows that stablecoin issuance on the Ethereum network also saw significant growth throughout 2025, rising from $127 billion at the beginning of the year to $181 billion by December. This 43% increase underscores the increasing reliance on stablecoins for transactions and value storage within the crypto ecosystem.
The explosion in stablecoin activity coincided with a remarkable uptick in overall network transactions. Ethereum reached an all-time high of 2.23 million daily transactions in late December, marking a 48% increase year over year. Such robust activity is a testament to the platform’s scalability and utility as a leading blockchain.
Record-Breaking Network Engagement
As December unfolded, Ethereum’s monthly active addresses peaked at 10.4 million, illustrating a new benchmark for user engagement. This surge in activity was complemented by an increase in unique active addresses, with daily counts surpassing one million in late December, a clear signal that more users are engaging with the network.
Ethereum’s dominance extends beyond transaction metrics. The platform commands a substantial 57% of the overall stablecoin market share, far ahead of its nearest competitor, the Tron network, which holds 27%. Tether, the leading stablecoin in circulation, boasts a total of $187 billion, with around 60% of its supply residing on Ethereum.
Market Trends and Price Movements
On the price front, Ethereum has made notable strides recently, with its value surpassing $3,200 during trading sessions. Following a steady ascent past the $3,000 mark, ETH is currently navigating a consolidation phase above $3,100 and the 100-hourly Simple Moving Average.
The technical landscape shows Ethereum displaying a short-term bullish trend with support situated at $3,120. Meanwhile, immediate resistance levels are forming at approximately $3,200, with the first significant resistance appearing near $3,220.
Moreover, Ethereum dominates the real-world asset (RWA) tokenization market with a market share of 65%. Current estimates suggest that the on-chain value of real-world assets stands at around $19 billion, and when including layer-2 and Ethereum Virtual Machine (EVM) networks, Ethereum’s market control broadens to over 70%.
As institutional participation and payment infrastructure expand, Ethereum continues to process record volumes. The persistent elevation in daily transaction counts reflects the network’s ongoing capacity to handle significant throughput, solidifying its status as a cornerstone of the blockchain revolution.
