Stablecoin trading volume on the ethereum chain reaches an all-time high of $1.46 trillion

According to data, ethereum's on-chain stablecoin trading volume has reached an all-time high of $1.46 trillion, more than doubling the $650 billion traded at the beginning of the year. Of these, the decentralised stablecoin DAI leads the way with $960 billion in trading volume. However, after data cleansing and filtering, DAI lagged behind USDT and USDC in terms of volume, suggesting the possibility of fraudulent transactions and large transfers. According to the report, the growth in stablecoin usage is more indicative of a maturing ecosystem. The higher the stablecoin trading volume, the deeper the liquidity pool, the less slippage, and the more efficient the market as a whole.