According to ChainCatcher, Leon Waidmann shared insights on the X platform, emphasizing Ethereum's evolving role beyond being a smart contract platform. Ethereum has become a crucial settlement layer for global dollar liquidity, processing approximately $90 billion to $100 billion in stablecoin transfers daily. These transactions primarily involve USDT and USDC, used for payments, financial management, and settlement, representing genuine on-chain value flow rather than DeFi cycles or incentive mining. Waidmann noted that while other blockchains are experiencing growth, substantial funds continue to settle on the Ethereum mainnet
source: https://www.binance.com/en/square/post/34004387923002?utm_source=BinanceNewsRSS