Circle 的 USDC 稳定币流通供应量超过 500 亿美元，标志着一个重要的里程碑

Circle 美元币（USDC）的流通量已超过 500 亿美元，这是稳定币时隔三年取得的重大成就。

The circulating supply of Circle’s USD Coin (USDC) has surpassed $50 billion, a significant achievement for the stablecoin after three years.

Circle 的美元硬币（USDC）的流通量已超过 500 亿美元，这是稳定币时隔三年取得的重大成就。

According to data from DeFiLlama, the supply reached approximately $51 billion on January 22. This marks a substantial recovery from its lowest point in 2023, when it dropped below $24 billion.

根据 DeFiLlama 的数据，1 月 22 日供应量达到约 510 亿美元。这标志着从 2023 年的最低点（当时跌破 240 亿美元）大幅复苏。

However, the stablecoin remains approximately 10% below its highest recorded supply of $55.9 billion, which was observed in mid-2022. This indicates that while USDC has regained substantial ground, it has yet to reach its previous peak.

然而，该稳定币仍比 2022 年中期创下的最高供应量 559 亿美元低约 10%。这表明尽管 USDC 已大幅收复失地，但尚未达到之前的峰值。

The distribution of USDC across various blockchain networks has also undergone notable changes. While Ethereum continues to be a dominant platform for the stablecoin, its share of the total supply has significantly decreased.

USDC在各个区块链网络上的分布也发生了显着的变化。虽然以太坊仍然是稳定币的主导平台，但其在总供应量中的份额已大幅下降。

Previously holding 85% of USDC’s supply, Ethereum’s share has now dropped to 61%, illustrating a gradual migration of liquidity to other blockchain networks.

以太坊此前占据 USDC 供应量的 85%，目前份额已降至 61%，这表明流动性正在逐渐向其他区块链网络迁移。

In contrast, Solana has seen a substantial increase in its share of USDC supply. Previously accounting for less than 3%, Solana’s contribution has now surged to 16%. This shift is largely attributed to traders who prefer the network’s lower transaction costs, particularly for speculative trading activities involving memecoins and AI-related tokens. The cost-effectiveness and efficiency of Solana’s infrastructure have made it an attractive option for market participants seeking to minimize fees and optimize transaction speeds.

相比之下，Solana 的 USDC 供应份额大幅增加。此前占比不足 3%，Solana 的贡献现已飙升至 16%。这种转变很大程度上归因于交易者更喜欢网络较低的交易成本，特别是涉及模因币和人工智能相关代币的投机交易活动。 Solana 基础设施的成本效益和效率使其成为寻求最小化费用和优化交易速度的市场参与者的有吸引力的选择。

Emerging Blockchain Alternatives

新兴的区块链替代方案

Beyond Ethereum and Solana, the emergence of new blockchain platforms has played a crucial role in reshaping the distribution of USDC. One of the key contributors to this shift is Base, an Ethereum Layer 2 network developed with the backing of Coinbase. The platform offers enhanced scalability and reduced transaction costs, making it a competitive alternative for stablecoin transactions.

除了以太坊和 Solana 之外，新的区块链平台的出现在重塑 USDC 的分布方面发挥了至关重要的作用。这一转变的关键贡献者之一是 Base，它是在 Coinbase 的支持下开发的以太坊第 2 层网络。该平台提供了增强的可扩展性并降低了交易成本，使其成为稳定币交易的有竞争力的替代方案。

Additionally, Layer 1 networks such as Hyperliquid have gained traction, providing faster and more efficient solutions for users engaged in digital asset trading. These platforms are increasingly favored by traders who seek lower-cost and high-speed transaction options, further diversifying the usage patterns of USDC.

此外，Hyperliquid 等 Layer 1 网络也获得了关注，为从事数字资产交易的用户提供了更快、更高效的解决方案。这些平台越来越受到寻求低成本和高速交易选择的交易者的青睐，进一步丰富了 USDC 的使用模式。

As stablecoin adoption continues to evolve, the changing dynamics within blockchain ecosystems highlight a growing preference for networks that prioritize affordability and efficiency. This trend suggests that while Ethereum remains a key player in the stablecoin market, newer blockchain platforms are poised to capture a larger share of USDC transactions in the future.

随着稳定币采用的不断发展，区块链生态系统内不断变化的动态凸显了人们对优先考虑可负担性和效率的网络的日益偏好。这一趋势表明，虽然以太坊仍然是稳定币市场的关键参与者，但较新的区块链平台有望在未来占据 USDC 交易的更大份额。