以太坊2链占主导地位的仲裁和基础，

仲裁和基础为以太坊第2层链铺平了道路，以主导稳定活性。他们共同处理超过2200万美元的月刊。

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.

仲裁和基础迅速成为Stablecoin活动的主要第2层连锁店，每月处理超过2200万美元。随着这些连锁店的受欢迎程度，由于其提供的效率和成本优势，它们正在占用总稳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.

现在，稳定霉素的总供应已经达到了以太坊的历史最高水平，活动的急剧增加。根据Token Terminal的说法，2025年初，ETH的Stablecoins的供应达到了1330亿美元。

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

这个水平是链条上有史以来最高的水平，在2023年的大部分时间里，它都会从低迷中反弹。

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.

从2018年到2021年初，供应量低于500亿美元，但在接下来的几年中迅速增长。在2022年，供应峰值。在2023年，它下降了，在2024年中期，它再次开始攀登。

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，供应量也很明显。 Artemis数据显示，ETH及其第2层（L2）链现在正在采用大多数稳定交易。

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

到2024年底，所有连锁店的每月总量已经为2200万美元。

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，基础和以太坊主网是最重要的贡献者。尽管BSC和Avalanche仍有活动，但大部分卷都转移到了更便宜的以太坊链条上。

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

这种转变强调了用户对更实惠和更快的平台的偏爱。他们的目标是在不远离以太坊网络的情况下实现这一目标。

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.

这种趋势从2024年初开始增长，此后一直在增加。由于效率和成本效益，L2S正在使用更大的稳定使用情况。

Higher User Activity Levels in the Ethereum Ecosystem

以太坊生态系统中较高的用户活动水平

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使用的增长伴随着ETH生态系统的用户参与度的新高。根据GrowthEpie数据，每周的活动地址在2025年初高出1000万。

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.

从2023年初开始，每周活动低于300万，这是一次巨大的跳跃。自2023年中期以来，钱包活动一直处于上升趋势，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.

这些用户中有大量正在通过多个链条进行交互。跨链参与也在上升，因为同一周有超过60万钱包使用了两个或更多链。

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.

以太坊主网上的令人窒息的活动是驱动L2S上较高交易量的原因，并导致用户增加。这些平台还提供较低的费用，这可能会吸引更多的活动。

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层的优势也已增长。目前，它比Mainnet活动高4.35倍，仅比上周增加了5.45％。这表明用户正在远离以太坊，并使用L2S享受更快，更便宜的体验。

ETH Gas Prices Hit Record Lows, Supporting L2 Growth

ETH气价达到创纪录的低点，支持L2增长

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.

同时，ETH汽油价格达到了有史以来最低的水平。根据Cryptorank的数据，2025年3月的平均汽油价格低至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.

这标志着以太坊史上的每月平均水平最低。与2024年3月记录的49.0 GWEI相比，这显着下降。

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.

汽油价格的降低主要归因于自2021年以来的首次增长量增加。此更改使每个区块可以处理更多的交易，从而降低了拥塞和成本。

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.

从5月到八月，价格从20.6 GWEI降至10 GWEI以下，这是2024年中期开始的稳定下降。趋势一直持续到年底，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.

由于费用较低，该网络对于Stablecoin转移和高频应用程序变得更加访问。这也支持L2S的兴起，L2S的兴起已经比主网更便宜。