以太坊稳定市场的总供应量超过1,250亿美元

这种最新的高度关注的焦点是以太坊在新兴的Stablecoins市场中的扩大存在，这种加密货币旨在保持其价值与美元（如Dollar）等传统资产保持联系。

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

以太坊网络上稳定的稳定量首次超越了1,250亿美元。

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.

这种最新的高度关注的焦点是以太坊在新兴的Stablecoins市场中的扩大存在，这种加密货币旨在保持其价值与美元（如Dollar）等传统资产保持联系。 Stablecoin供应中的增长证明了以太坊网络上发生的各种活动的总体增长。

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

以太坊上的总稳定供应刚刚达到了新的历史最高水平，首次通过了$ 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

在过去的一天中，以太坊上的Stablecoin供应量增加了3.21亿美元，过去一周为1.407B，在过去一个月中为2.786b。

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

- defillama.com（@defillama）2025年3月25日

Ethereum’s Stablecoin Market Surges

以太坊的稳定市场激增

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.

随着总趋势越来越多地进入以太坊生态系统，在以太坊上的稳定剂的供应正在迅速增加。在过去的24小时内，以太坊上的稳定量增长了3.21亿美元。这相当于平均每小时1300万美元。如果您将时间表扩展到一周，那么您将在短短7天的时间内增加140.7亿美元。如果您查看为期一个月的时间表，趋势也同样积极 - 自10月初以来，目前的供应量增长了27.86亿美元。

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.

这一扩展强调了以太坊的持续至高无上，这是主要平台，不仅是为了发行稳定的，而且还用于其使用。 Stablecoins已成为一系列Defi活动的主要工具，这些活动在很大程度上发生在贷款，借贷和Stablecoin贸易领域。 Stablecoin供应的扩展不仅信号不仅是对稳定的需求，而且还对基于Stablecoin的金融服务的需求也提供了信号。

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

斑点以太坊ETF的总净流入为零，九个斑点以太坊ETF中没有记录任何净流入或流出。

— Wu Blockchain (@WuBlockchain) March 24, 2025

- Wu区块链（@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.

以太坊可以容纳大量的稳定剂，将其定位为加密货币生态系统中的重要参与者，尤其是在分散的金融（DEFI）中。 Stablecoins正在整合到各种金融业务中；现在，机构以及加密货币系统的临时和永久用户也将它们集成到其运营中。所有这些动作都将导致更多的以太锁定。

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.

稳定供应的迅速增加是加密货币世界总体增长的标志，因为在市场下降时期，稳定币通常被用作停放资金的一种手段，或者以稳定的交换媒介更容易实现某些付款。这样，稳定的是全球加密货币市场的新兴基础设施。

Spot Ethereum ETFs Show No Movement

现场以太坊ETF没有移动

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.

尽管Stablecoin市场一直是以太坊的亮点，但以太坊ETF市场恰恰相反。 3月24日，现场以太坊ETF的总净流入为鸡蛋。是的，零。这意味着在目前正在运行的九个不同的以太坊ETF中没有净流入或流出。这是一个真正的ETF市场惨败，当您拥有当前被吹捧的数字时，您甚至没有特权被称为市场。

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

不管基于以太坊的稳定剂的持续增长如何，当前以太坊ETF市场中的停滞似乎是一个真正的问题。

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.

现场以太坊ETF中缺乏的运动可能反映了市场的一些不同条件。 ETF可能是谨慎投资者的工具。或者，也许ETF和以太坊本身只是陷入了更广泛的趋势，这些趋势正在影响全面的资产价格。另一种可能性 - 鉴于最近的事件最有可能的可能性，即ETF现在并没有引起太大的兴趣。

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.

现场以太坊ETF市场的停滞（他们没有接受订单）与以太坊在分散财务中的使用及其在加密生态系统中的重要性背道而驰。可能不是平坦的以太坊区块链向以太坊区块链的主要供应，因此以太坊显然看到了足以将其保留在分散的金融游戏中的涌入。这可能意味着一旦市场稳定，机构利益将恢复。

A Bright Future for Ethereum Stablecoins

以太坊稳定的光明未来

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市场对以太坊仍然保持安静，以太坊区块链上的稳定量也在上升。根据两家分析公司的新数据，现在在以太坊上发行了大约210亿美元的Stablecoins，比一年前增加了大约三分之一。尽管不那么 -