In October, the transaction volume of stablecoins on the chain increased by 8%, and the issuance supply decreased by about 0.7%.
According to data from TheBlock Pro the on-chain transaction volume of stablecoins increased by about 8% after the October adjustment, rising to $899 billion, while the issuance supply of stablecoins fell by about 0.7% to $149.3 billion. The market share of USDT and USDC was 79.5% and 16.9% respectively. The spot trading volume of compliant centralized exchanges (CEX) rose by 16.3% to $843 billion in October. The total on-chain transaction volume of Bitcoin and Ethereum increased by 28.1% to $420 billion after adjustment, with Bitcoin's on-chain transaction volume increasing by 32.1% and Ethereum's by 20.9%.
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