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Home/Briefs/on-chain analytics

BriefApril 15, 2026 · 07:03 PM

Ethereum stablecoin activity hits lowest levels since December

The demand for stablecoin-related swaps on the Ethereum network has declined. Daily Active Addresses—the total number of addresses participating in transaction activity on the network—have fallen to their lowest levels since December. For USDT, the metric has dropped to 202,300 addresses. For USDC, the USDC metric has dropped to 109,300 addresses. This decline in transaction activity suggests that holders of the two largest stablecoins are reducing their moves on the network. These trends are reported by on-chain analytics firm Santiment.

Theo Livingston

on-chain analyticsstablecoinsEthereum network

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