A recent joint analysis by onchain research firms Artemis and Dune has revealed a significant rise in the number of active stablecoin wallets, with a growth rate exceeding 50% within a year.
Titled “The State of Stablecoins 2025: Supply, Adoption & Market Trends,” the report highlights that from February 2024 to February 2025, the number of active stablecoin addresses surged from 19.6 million to 30 million, marking a 53% increase year-over-year.
The research suggests that this expansion reflects increasing engagement from users. According to the findings, stablecoins have solidified their role as a vital link between traditional finance and the crypto ecosystem, becoming an essential pillar of digital financial transactions.
Several factors contributed to this growth, including greater institutional involvement, an increase in payment-related use cases, and a broader integration within decentralized finance (DeFi). This rising accessibility has fueled the surge in active stablecoin addresses.
Stablecoin Supply Expands by 63% in One Year
In addition to user growth, the overall supply of stablecoins experienced a substantial rise. The report notes that in February 2024, the total stablecoin supply stood at $138 billion. By February 2025, this figure had escalated to $225 billion, reflecting a 63% year-over-year increase.
Since stablecoins are designed to maintain a fixed value of $1, their market capitalization is generally equivalent to their total supply.
Furthermore, stablecoin transaction volumes also saw a significant surge over the year. In February 2024, the monthly transfer volume for stablecoins was recorded at $1.9 trillion. This figure climbed to $4.1 trillion by February 2025, representing an impressive 115% annual increase.
The highest transaction volume was observed in December 2024, when stablecoin transfers peaked at $5.1 trillion. However, this was followed by a decline in 2025. Over the past year, stablecoins facilitated an astounding $35 trillion in total transfers.
Stablecoin Transfer Sizes Remain Steady with Occasional Spikes
While other metrics showed strong growth, the average transfer size for stablecoins saw only a slight uptick, rising from $676,000 in 2024 to $683,000 in 2025. Despite the overall stability, notable spikes were recorded in May, where the average transfer size hit $2.6 million, and in July, when it reached $2.2 million.
Analysts from Artemis and Dune suggest that these fluctuations indicate active participation from both retail users and large institutional players, further cementing the role of stablecoins in global finance.
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always interested in your opinion!
