PANews, November 3 - According to The Block, the on-chain trading volume of Ethereum stablecoins reached approximately $2.82 trillion in October, a month-on-month rise of about 45%, setting a new historical high. The trading volume of USDC in that month was about $1.62 trillion, ranking first, followed by USDT with approximately $895.5 billion; DAI at around $136 billion, which decreased compared to September. Analysts state that during the market pullback, traders utilized stablecoins for liquidity management and yield strategies, with stablecoin issuers contributing about 65%-70% of daily revenue for encryption protocols in October, primarily from interest income derived from low-risk assets such as US Treasuries. Bitcoin and Ethereum fell approximately 11.5% and 16.4% respectively that month.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH ICO Whale Transfers 2,000 ETH Worth $4.63M, Suggesting Potential Sell-Off
On April 17, an analyst reported that a former holder of 1 million ETH transferred 2,000 ETH, worth $4.63 million, to a multi-signature address, signaling a possible intent to sell. This address is linked to previous liquidation activities.
GateNews3m ago
Charles Schwab: Spot Bitcoin and Ethereum trading for retail customers
Charles Schwab announced recently that it will launch spot Bitcoin and Ethereum trading services for qualified U.S. retail customers, with a trading fee of 0.75%. The service will be maintained by a bank subsidiary of Charles Schwab. It will initially not support residents of New York State and Louisiana; in the future, it plans to add more cryptocurrencies and deposit and withdrawal features.
MarketWhisper17m ago
Ethereum Foundation's Josh Stark Steps Down After 5 Years
Josh Stark, a key researcher at the Ethereum Foundation, announced his departure after five years, effective end of April. He plans to take a break and expressed gratitude for his experiences and contributions to Ethereum's milestones.
GateNews1h ago
Charles Schwab Launches Bitcoin and Ethereum Trading
Charles Schwab launched Bitcoin and Ethereum trading on its Schwab Crypto platform, starting with an employee pilot and expanding to a client waitlist by Q2 2026. The service targets 46 million brokerage accounts at a competitive 0.75% fee, positioning Schwab against existing crypto platforms.
CryptoFrontier3h ago
Justin Sun Announces TRON’s PQ Transition, Criticizes Bitcoin And Ethereum
Justin Sun has launched TRON’s PQ upgrade plan, positioning it as the first major blockchain to adopt quantum-resistant technology, while criticizing Bitcoin and Ethereum for their slower progress in addressing quantum threats.
Blockzeit4h ago
ETH breaks through 2350 USDT
Gate News bot message, the Gate market shows that ETH has broken through 2350 USDT, current price is 2351.81 USDT.
CryptoRadar6h ago
