As defi and dex activities intensify, Ethereum wins $19.3 billion in stubcoin inflows

• Ethereum has a Stablecoin influx of $1.93 billion over seven days, leading all chains in Defi's activities and market capitalization growth.
• Over 50% of Stablecoins in the Ethereum market belongs to USDT, with USDE gaining 25% growth per month.
• Ethereum Dex volume was $984 million over 24 hours, as user fees and chain revenue rose across key applications.

Recent data shows that Ethereum has recorded $1.93 billion in stubcoin inflows over the past seven days, surpassing all other chains. The surge also increased the total market capitalization of the network's Stablecoin to $1246.8 billion, with over 50.63% of supply being made up of Tether (USDT).

The rise came as chain activity also increased. Ethereum's Defi TVL has risen 1.38% to $6.1246 billion over the past 24 hours. The amount of DEX was similarly high, with $984.56 million daily and 426,731 active addresses over the same time frame.

Ethena's USDE is third in the list of top stub coins on the network by market capitalization, after USDT and USDC. Over the past seven days, USDT has scored 1.17% and USDE jumped to 8.96%, a 24.88% increase over the past month. Market capitalization fell slightly, but remained at over $3.84 billion, helping to use the Defi protocol.

DEX activities and gas prices reflect increased demand

Over the past 24 hours, Ethereum users have paid a protocol fee of $35.63 million. Most of it came from a large number of distributed applications. This corresponds to an increase in trading volume across many DEX platforms, indicating an increase in demand for liquidity provisioning in the chain.

Meanwhile, Ethereum simultaneously processed $45.91 million in its daily influx, proving that it remains the main settlement layer for stablecoins. Although there was recent volatility in the series, spot net flow was a reliable measure of investor positioning, which was accumulated significantly in May and early June.

Perps volumes have further accelerated $491 million in daily trading activities to further support the broader revival of Defi's speculation. Over the past 24 hours, revenue from Ethereum-based apps has reached $1.55 million.

Stablecoin Publishers Signal Market Trust

Over the past week, Ethereum's broader stubcoin market has grown by 1.58%. The largest stubcoin with a market capitalization of $6.3122 billion remained. The second was USDC, which was $367.1 billion. Meanwhile, Sky Dollar (USDS) has risen 15.38% over the past seven days, indicating new adoption or integration events.

Source: Defilama

Of all tokens, Ethena's USDE progresses with the strongest increase in monthly market capitalization by reaching $5.78 billion, showing a surge of 24.88%. This is based on improved trust in alternative algorithm models despite market instability from well-known stubcoins such as DAI and FDUSD.

Ethereum is the dominant infrastructure for institutional and retail capital flows, its dominant liquidity and stable usage. With the ongoing ETF tales, high DEX sales and fee revenue growth, Ethereum becomes the go-to chain for deploying stubcoins and transaction activities.