#稳定币市场 USDC销毁5000万枚 This signal is worth paying attention to. From on-chain data, active Treasury destruction typically reflects two possibilities: first, proactive contraction on the stablecoin supply side, and second, adjusted expectations for market liquidity. Combined with Ethereum's fundamentals in 2025, this move looks more like fine-grained management against the backdrop of the stablecoin market breaking through the $300 billion supply threshold and annual trading volume reaching $46 trillion.
More significantly, there are changes at the ecosystem level. After the Pectra and Fusaka hard forks, Ethereum achieved 8x scaling, with Layer2 TVL reaching $35.7 billion and DeFi TVL at $93.9 billion, a 71% year-over-year increase. The refinement of these infrastructure directly supports the expansion of stablecoin use cases—shifting from pure value storage toward payment settlement and cross-chain transfers.
From whale fund flows, institutional stablecoin demand continues rising, with JPMorgan's MONY launch and BlackRock's BUIDL approaching $3 billion in scale, all serving as important drivers of on-chain stablecoin trading volume. USDC, as the second-largest stablecoin, maintains stable market share. The destruction operation may be optimizing the supply-side structure and reserving liquidity for subsequent institutional applications.
The key now is observing subsequent USDC inflow and outflow trends in Ethereum and its L2 ecosystem, which will directly reflect genuine institutional allocation demands.
#稳定币市场 USDC销毁5000万枚 This signal is worth paying attention to. From on-chain data, active Treasury destruction typically reflects two possibilities: first, proactive contraction on the stablecoin supply side, and second, adjusted expectations for market liquidity. Combined with Ethereum's fundamentals in 2025, this move looks more like fine-grained management against the backdrop of the stablecoin market breaking through the $300 billion supply threshold and annual trading volume reaching $46 trillion.
More significantly, there are changes at the ecosystem level. After the Pectra and Fusaka hard forks, Ethereum achieved 8x scaling, with Layer2 TVL reaching $35.7 billion and DeFi TVL at $93.9 billion, a 71% year-over-year increase. The refinement of these infrastructure directly supports the expansion of stablecoin use cases—shifting from pure value storage toward payment settlement and cross-chain transfers.
From whale fund flows, institutional stablecoin demand continues rising, with JPMorgan's MONY launch and BlackRock's BUIDL approaching $3 billion in scale, all serving as important drivers of on-chain stablecoin trading volume. USDC, as the second-largest stablecoin, maintains stable market share. The destruction operation may be optimizing the supply-side structure and reserving liquidity for subsequent institutional applications.
The key now is observing subsequent USDC inflow and outflow trends in Ethereum and its L2 ecosystem, which will directly reflect genuine institutional allocation demands.