Stablecoins and RWAs Are Quietly Powering Ethereum’s Growth

[cryptoenthusiast]

One of the strongest bullish signals for Ethereum is the explosive growth of stablecoins on its network. Van de Poppe notes that Ethereum’s stablecoin supply rose more than 65% in 2025 and has doubled since the 2021 peak, pushing total stablecoin market capitalization on the network above $160 billion, according to DefiLlama.

Beyond stablecoins, tokenized real-world assets and rising developer activity are reinforcing Ethereum’s role as the settlement layer for onchain finance. In Q4 2024 alone, Ethereum processed roughly $8 trillion in stablecoin transfer volume, per Token Terminal, underscoring its dominance in blockchain-based payments.

[ed]

stablecoin growth feels way more real than price action tbh