The use of stablecoins on Ethereum reaches an all-time high as fees drop to their lowest since 2020

Source: Criptonoticias
Original Title: Use of stablecoins on Ethereum hits new ATH
Original Link: https://www.criptonoticias.com/mercados/uso-stablecoins-ethereum-ath/

• Ethereum transaction fees are close to 0, the lowest since 2020.
• Stablecoin holder users worldwide also reach an ATH: 200 million.

The use of stablecoins on Ethereum reached a historic maximum (ATH), while the cost of making transactions fell to its lowest level recorded since 2020.

The quarterly transfer volume of stablecoins is almost USD 8 billion at the beginning of 2026, as shown in the following chart:

At the same time, the previous chart places network fees at near-zero values, at lows not seen since 2020.

Cryptocurrency ecosystem analysts point out that this phenomenon on Ethereum is a direct result of an architecture that separates execution and settlement. They consider that this represents how a scalable financial infrastructure should function in practice.

Analysis platform data confirms the above. It is considered that Ethereum consolidates its dominance as the leading infrastructure in the stablecoin market, leading in both the volume of processed payments and the amount of assets in circulation, followed by the Tron and BNB Chain networks.

Finally, the overall context reinforces this trend. Globally, the number of people holding stablecoins also reached a historic maximum, with nearly 200 million users.

The ATH occurs in a context where the Ethereum network is focusing its development on second layers, where stablecoin transactions have seen the most growth. Even key Ethereum developers have celebrated the recent rise experienced by the network’s layer 2 solutions.