以太坊穩定市場的總供應量超過1,250億美元

這種最新的高度關注的焦點是以太坊在新興的Stablecoins市場中的擴大存在，這種加密貨幣旨在保持其價值與美元（如Dollar）等傳統資產保持聯繫。

The overall supply of stablecoins on the Ethereum network has transcended $125 billion for the first time.

以太坊網絡上穩定的穩定量首次超越了1,250億美元。

This latest all-time high spotlights Ethereum’s enlarging presence in the burgeoning marketplace for stablecoins, a type of cryptocurrency that aims to keep its value pegged to more traditional assets like the U.S. dollar. The upswing in stablecoin supply is a testament to the overall growth in activity of all kinds that is taking place on the Ethereum network.

這種最新的高度關注的焦點是以太坊在新興的Stablecoins市場中的擴大存在，這種加密貨幣旨在保持其價值與美元（如Dollar）等傳統資產保持聯繫。 Stablecoin供應中的增長證明了以太坊網絡上發生的各種活動的總體增長。

Total stablecoin supply on Ethereum just hit a new all-time high, passing $125b for the first time.

以太坊上的總穩定供應剛剛達到了新的歷史最高水平，首次通過了$ 125B。

Stablecoin supply on Ethereum is up $321m in the past day, $1.407b in the past week, and $2.786b in the past month.https://t.co/6900wONICq

在過去的一天中，以太坊上的Stablecoin供應量增加了3.21億美元，過去一周為1.407B，在過去一個月中為2.786b。

— DefiLlama.com (@DefiLlama) March 25, 2025

- defillama.com（@defillama）2025年3月25日

Ethereum’s Stablecoin Market Surges

以太坊的穩定市場激增

The supply of stablecoins on Ethereum is seen to be rapidly increasing as the total trend moves more and more stablecoin assets into the Ethereum ecosystem. Over the past 24 hours, the stablecoin supply on Ethereum has risen by $321 million. This equates to an average of a little over $13 million an hour. If you expand out the timescale to a week, you’re looking at an increase of $1.407 billion over the course of just seven days. The trend is similarly positive if you look at the month-long timescale—the current supply is up by $2.786 billion since the start of October.

隨著總趨勢越來越多地進入以太坊生態系統，在以太坊上的穩定劑的供應正在迅速增加。在過去的24小時內，以太坊上的穩定量增長了3.21億美元。這相當於平均每小時1300萬美元。如果您將時間表擴展到一周，那麼您將在短短7天的時間內增加140.7億美元。如果您查看為期一個月的時間表，趨勢也同樣積極 - 自10月初以來，目前的供應量增長了27.86億美元。

This expansion highlights Ethereum’s sustained supremacy as the primary platform not just for the issuance of stablecoins but also for their use. Stablecoins have become a prime vehicle for a range of DeFi activities, and these activities are largely taking place in the lending, borrowing, and stablecoin trading domains. The expansion in stablecoin supply signals not just the demand for stablecoins but also the demand for stablecoin-based financial services.

這一擴展強調了以太坊的持續至高無上，這是主要平台，不僅是為了發行穩定的，而且還用於其使用。 Stablecoins已成為一系列Defi活動的主要工具，這些活動在很大程度上發生在貸款，借貸和Stablecoin貿易領域。 Stablecoin供應的擴展不僅信號不僅是對穩定的需求，而且還對基於Stablecoin的金融服務的需求也提供了信號。

The total net inflow for spot Ethereum ETFs was zero, with none of the nine spot Ethereum ETFs recording any net inflows or outflows.

斑點以太坊ETF的總淨流入為零，九個斑點以太坊ETF中沒有記錄任何淨流入或流出。

— Wu Blockchain (@WuBlockchain) March 24, 2025

- Wu區塊鏈（@wublockchain）2025年3月24日

Ethereum can accommodate a massive supply of stablecoins, which positions it as an essential player in the cryptocurrency ecosystem and particularly in decentralized finance (DeFi). Stablecoins are being integrated into all sorts of financial operations; now, institutions along with temporary and permanent users of the cryptocurrency system are integrating them into their operations too. All these actions are resulting in even more Ether being locked up.

以太坊可以容納大量的穩定劑，將其定位為加密貨幣生態系統中的重要參與者，尤其是在分散的金融（DEFI）中。 Stablecoins正在整合到各種金融業務中；現在，機構以及加密貨幣系統的臨時和永久用戶也將它們集成到其運營中。所有這些動作都將導致更多的以太鎖定。

The rapid increase in stablecoin supply is a sign of the overall growth in the world of cryptocurrency, as stablecoins are often used as a means to park funds during times of market downturns or to achieve certain kinds of payment that are more easily done with a stable medium of exchange. In this way, stablecoins are the emerging infrastructure of the global cryptocurrency markets.

穩定供應的迅速增加是加密貨幣世界總體增長的標誌，因為在市場下降時期，穩定幣通常被用作停放資金的一種手段，或者以穩定的交換媒介更容易實現某些付款。這樣，穩定的是全球加密貨幣市場的新興基礎設施。

Spot Ethereum ETFs Show No Movement

現場以太坊ETF沒有移動

Although the stablecoin market has been a bright spot for Ethereum, the opposite is the case for the Ethereum ETF market. On March 24, the total net inflow for spot Ethereum ETFs was a goose egg; that’s right, zero. That means that there were no net inflows or outflows to speak of across the nine different spot Ethereum ETFs currently in operation. This was a true ETF market fiasco that didn’t even have the privilege of being called a market when you have the reigning champ of “no net movement” as the number currently being touted.

儘管Stablecoin市場一直是以太坊的亮點，但以太坊ETF市場恰恰相反。 3月24日，現場以太坊ETF的總淨流入為雞蛋。是的，零。這意味著在目前正在運行的九個不同的以太坊ETF中沒有淨流入或流出。這是一個真正的ETF市場慘敗，當您擁有當前被吹捧的數字時，您甚至沒有特權被稱為市場。

Regardless of the continued growth of Ethereum-based stablecoins, the current stagnation within the spot Ethereum ETF market seems to be a real issue.

不管基於以太坊的穩定劑的持續增長如何，當前以太坊ETF市場中的停滯似乎是一個真正的問題。

Movement that is absent in spot Ethereum ETFs may reflect a few different conditions of the market. The ETF may be a vehicle for a cautious investor. Or perhaps the ETF and Ethereum itself are just caught up in broader trends that are impacting asset prices across the board. Another possibility—the one that seems most probable in light of recent events—is that the ETF just isn’t attracting much interest right now.

現場以太坊ETF中缺乏的運動可能反映了市場的一些不同條件。 ETF可能是謹慎投資者的工具。或者，也許ETF和以太坊本身只是陷入了更廣泛的趨勢，這些趨勢正在影響全面的資產價格。另一種可能性 - 鑑於最近的事件最有可能的可能性，即ETF現在並沒有引起太大的興趣。

The stagnation in the spot Ethereum ETF market—they’re not taking orders—runs counter to the growing usage of Ethereum in decentralized finance and its importance in the crypto ecosystem. The principal supply of stablecoins to the Ethereum blockchain presumably isn’t flat, so Ethereum is obviously seeing an influx sufficient to keep it in the decentralized finance game. This could mean that institutional interest will revive once the broader market stabilizes.

現場以太坊ETF市場的停滯（他們沒有接受訂單）與以太坊在分散財務中的使用及其在加密生態系統中的重要性背道而馳。可能不是平坦的以太坊區塊鏈向以太坊區塊鏈的主要供應，因此以太坊顯然看到了足以將其保留在分散的金融遊戲中的湧入。這可能意味著一旦市場穩定，機構利益將恢復。

A Bright Future for Ethereum Stablecoins

以太坊穩定的光明未來

Even while the spot ETF market remains quiet for Ethereum, the amount of stablecoins on the Ethereum blockchain is rising. There is now around $21 billion in stablecoins issued on Ethereum, an increase of about a third from a year ago, according to new data from two analytical firms. Despite the lull in the not-so-

即使ETF市場對以太坊仍然保持安靜，以太坊區塊鏈上的穩定量也在上升。根據兩家分析公司的新數據，現在在以太坊上發行了大約210億美元的Stablecoins，比一年前增加了大約三分之一。儘管不那麼 -