以太坊2鏈占主導地位的仲裁和基礎，

仲裁和基礎為以太坊第2層鏈鋪平了道路，以主導穩定活性。他們共同處理超過2200萬美元的月刊。

Arbitrum and Base are quickly becoming the dominant Layer 2 chains for stablecoin activity, handling over $22 Million in monthly volume together. As these chains gain popularity, they are taking a larger slice of the total stablecoin usage due to the efficiency and cost benefits they provide.

仲裁和基礎迅速成為Stablecoin活動的主要第2層連鎖店，每月處理超過2200萬美元。隨著這些連鎖店的受歡迎程度，由於其提供的效率和成本優勢，它們正在佔用總穩定使用量的更大切片。

The total supply of stablecoins has now reached an all-time high on Ethereum, with a sharp increase in activity. According to Token Terminal, the supply of stablecoins on ETH hit $133 Billion in early 2025.

現在，穩定黴素的總供應已經達到了以太坊的歷史最高水平，活動的急劇增加。根據Token Terminal的說法，2025年初，ETH的Stablecoins的供應達到了1330億美元。

This level is the highest ever recorded on the chain and follows a rebound from a slump throughout most of 2023.

這個水平是鏈條上有史以來最高的水平，在2023年的大部分時間裡，它都會從低迷中反彈。

Supply was below $50 Billion from 2018 to early 2021 but quickly grew in the following years. In 2022, supply peaked. In 2023, it dropped and in mid-2024, it began to climb again.

從2018年到2021年初，供應量低於500億美元，但在接下來的幾年中迅速增長。在2022年，供應峰值。在2023年，它下降了，在2024年中期，它再次開始攀登。

This rise in supply is also evident in the increasing payment volumes. Artemis data revealed that ETH and its Layer 2 (L2) chains are now taking the majority of the stablecoin transactions.

在增加的付款量中，供應量也很明顯。 Artemis數據顯示，ETH及其第2層（L2）鏈現在正在採用大多數穩定交易。

By late 2024, the total monthly volume across all chains was already $22 million.

到2024年底，所有連鎖店的每月總量已經為2200萬美元。

Arbitrum, Base, and Ethereum mainnet were the most significant contributors. While there was still activity on BSC and Avalanche, the majority of the volume had moved to the cheaper Ethereum-based chains.

仲裁，基礎和以太坊主網是最重要的貢獻者。儘管BSC和Avalanche仍有活動，但大部分卷都轉移到了更便宜的以太坊鏈條上。

This shift highlighted the users’ preference for more affordable and faster platforms. They aim to achieve this without moving away from the Ethereum network.

這種轉變強調了用戶對更實惠和更快的平台的偏愛。他們的目標是在不遠離以太坊網絡的情況下實現這一目標。

This trend started growing in early 2024 and has been increasing since. L2s are taking a bigger slice of stablecoin usage due to the efficiency and cost benefits.

這種趨勢從2024年初開始增長，此後一直在增加。由於效率和成本效益，L2S正在使用更大的穩定使用情況。

Higher User Activity Levels in the Ethereum Ecosystem

以太坊生態系統中較高的用戶活動水平

The growth in stablecoin usage is accompanied by new highs in user engagement in the ETH ecosystem. According to GrowThePie data, weekly active addresses topped 10 million early in 2025.

Stablecoin使用的增長伴隨著ETH生態系統的用戶參與度的新高。根據GrowthEpie數據，每週的活動地址在2025年初高出1000萬。

It was a huge jump from the beginning of 2023, when weekly activity was below 3 million. Since mid-2023, wallet activity has been on an upward trend, with new peaks in late 2024 and early 2025.

從2023年初開始，每週活動低於300萬，這是一次巨大的跳躍。自2023年中期以來，錢包活動一直處於上升趨勢，2024年底和2025年初的新山峰。

A significant number of these users are interacting over multiple chains. Cross-chain engagement is also on the rise, as more than 600,000 wallets used two or more chains in the same week.

這些用戶中有大量正在通過多個鏈條進行交互。跨鏈參與也在上升，因為同一周有超過60萬錢包使用了兩個或更多鏈。

The stifling activity on Ethereum mainnet is what drives the higher transaction volume on L2s and contributes to the rise in users. These platforms also offer lower fees, which may be attracting more activity.

以太坊主網上的令人窒息的活動是驅動L2S上較高交易量的原因，並導致用戶增加。這些平台還提供較低的費用，這可能會吸引更多的活動。

Layer 2 dominance has also grown. At the moment, it sits at 4.35x more than mainnet activity, a 5.45% increase from last week alone. This signaled that users are moving away from Ethereum and using L2s to enjoy faster and cheaper experiences.

第2層的優勢也已增長。目前，它比Mainnet活動高4.35倍，僅比上週增加了5.45％。這表明用戶正在遠離以太坊，並使用L2S享受更快，更便宜的體驗。

ETH Gas Prices Hit Record Lows, Supporting L2 Growth

ETH氣價達到創紀錄的低點，支持L2增長

Meanwhile, ETH gas prices have hit their lowest levels ever recorded. According to CryptoRank, the average gas price in March 2025 was as low as 2.71 gwei.

同時，ETH汽油價格達到了有史以來最低的水平。根據Cryptorank的數據，2025年3月的平均汽油價格低至2.71 GWEI。

This marks the lowest monthly average in the history of Ethereum. It’s a significant decline from the 49.0 gwei recorded in March 2024.

這標誌著以太坊史上的每月平均水平最低。與2024年3月記錄的49.0 GWEI相比，這顯著下降。

The reduction in gas prices is due mainly to a raised gas limit, the first increase since 2021. This change enables more transactions to be processed in each block, thus reducing congestion and cost.

汽油價格的降低主要歸因於自2021年以來的首次增長量增加。此更改使每個區塊可以處理更多的交易，從而降低了擁塞和成本。

From May to August, prices fell from 20.6 gwei to below 10 gwei, a steady decline that started in mid-2024. The trend carried on until the end of the year and into 2025.

從5月到八月，價格從20.6 GWEI降至10 GWEI以下，這是2024年中期開始的穩定下降。趨勢一直持續到年底，直到2025年。

With lower fees, the network has become more accessible for stablecoin transfers and high-frequency applications. This also supports the rise of L2s, which already have cheaper fees than the mainnet.

由於費用較低，該網絡對於Stablecoin轉移和高頻應用程序變得更加訪問。這也支持L2S的興起，L2S的興起已經比主網更便宜。