<ul><li>The total outstanding supply of USDC on Ethereum remains stable at around $40 billion, but the volume and frequency of transfers have significantly increased.</li><li>The monthly transfer volume of USDC on Ethereum has reached approximately $635 billion, with a record high of around 7.2 million monthly transfers, indicating a surge in on-chain stablecoin utility.</li><li>The increased usage of USDC in smaller, frequent transactions suggests growing adoption for everyday payments, trading, and DeFi activities.</li><li>This trend emphasizes Ethereum's role as the primary infrastructure for stablecoin settlement and highlights the network's importance in facilitating high-frequency, low-cost transactions in the Ethereum ecosystem.</li></ul>

USDC Activity on Ethereum Hits All-Time Highs

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