- Daily active addresses across stablecoin networks surpassed 300,000, marking the highest recorded engagement level since February this year.
- USDT maintained its lead in wallet activity, recording spikes above 300,000 daily users, driven by strong exchange and dApp integration.
- Emerging stablecoins like FDUSD and FRAX showed limited wallet activity, reflecting fragmented adoption and smaller network participation rates.
Stablecoin networks see their usage surge, reaching over 300,000 daily active addresses and $72 billion of on-chain volume. The level of activity, the largest since February, represents newfound strength in stablecoin flows.
Activity Surge Triggers Market Attention
IntoTheBlock reported that daily active addresses across stablecoins have exceeded 300,000, while transaction volume spiked to $72 billion. The recent rise has drawn attention from analysts monitoring market behavior tied to asset movement and protocol engagement. Activity remained consistent through late March before jumping sharply in early April.
Repetitive fluctuations in network usage continue to appear, possibly tied to weekly cycles or broader market shifts. The spike in early April may be connected to a specific event or transactional pattern, suggesting external triggers such as platform migrations or stablecoin-related updates.
USDT Maintains Dominance in Wallet Activity
USDT continues to dominate the stablecoin space in daily address activity, often ranging between 150,000 and 200,000 users. A major spike around April 2 pushed its activity past the 300,000 mark, leading market watchers to review trading trends during that period. The event may relate to heightened exchange usage or market volatility.
Compared to other assets, USDT remains central due to its liquidity and strong integration across decentralized applications and trading platforms. While competitors remain active, USDT’s presence has yet to be matched in terms of volume and user engagement during market surges.
Market Share Among Smaller Stablecoins
Stablecoins such as USDC and DAI maintain consistent activity, though far below USDT’s level. These assets remain visible in user adoption but serve smaller segments of the network. Their transaction frequency reflects measured usage among trusted holders and specific protocol users.
Meanwhile, coins like FDUSD, USDE, FRAX, and TUSD register limited wallet activity. These assets currently hold niche positions, with thinner usage patterns across the network. The fragmentation among smaller stablecoins reflects the competitive environment, where network effects still benefit leading tokens over newer entrants.
