Odaily Planet Daily News According to Messari Weekly, the total market value of stablecoins reached $258.5 billion, a record high, up 2.7% month-on-month. The average daily transaction volume of stablecoins rebounded by 13.2% to $143.1 billion, reversing last week's decline, but still down 6.3% month-on-month. However, the number of transactions fell 10% week-on-week to 35.3 million. The divergence between transaction volume and transaction number may reflect an increase in the average transaction size or increased institutional activity.
The average daily transaction fee of stablecoins increased by 8.9% week-on-week to $23 million, showing strong demand for stablecoin applications. Small protocols performed well, with Sky fees surging 362.0% to $1.5 million this week, Ethena up 367.8% to $613,700, and Usual fees soaring 8142.4% to $64,700. The increase in fees indicates a significant increase in user engagement on major and emerging stablecoin platforms.