#稳定币市场 Seeing Ethereum's performance report for 2025, what excites me the most is not the technological breakthroughs, but the explosive growth of the stablecoin market — total supply surpassing $300 billion, with an annual trading volume of approximately $46 trillion, and Ethereum holding a 54% market share. What does this mean?

Stablecoins are becoming the "blood" of the Web3 world. They address the core pain points of the crypto space: value stability and liquidity. No longer a niche game, they are now foundational infrastructure relied upon by global financial institutions, developers, and even AI systems. Major players like JPMorgan and BlackRock are making significant moves, essentially betting on the future of this track.

More importantly, stablecoins embody the ultimate value proposition of decentralized finance — enabling value to flow without geographic restrictions and without relying on traditional intermediaries. When $46 trillion in transactions are efficiently processed on-chain, it’s not just about digital growth; a paradigm shift in the entire financial system is underway.

Price volatility is merely a reaction to market sentiment, but infrastructure improvements and institutional entry are long-term signals. The prosperity of the stablecoin ecosystem indicates that Web3 has moved from the laboratory into real-world ledgers. This is a watershed moment in history, and we are witnessing it unfold.