According to Bitcoin.com and ChainCatcher News, the stablecoin market has experienced moderate growth since October, but the overall growth is still very slow. Currently, the industry is valued at $172.7 billion, with 48.9% of stablecoins in circulation on Ethereum and 34.92% on Tron. Although the stablecoin market has expanded significantly since the beginning of this year, trading volume has been steadily decreasing since May. Trading volume peaked at $3.6 trillion at the time, but fell to $1.6 trillion last month. As of now, the trading volume in October is approximately $1.2 trillion.
The number of active addresses has also declined since March, but the decline is not as severe as the drop in transaction volume. Of the $1.2 trillion traded this month, $309.2 billion was completed on Ethereum, while Tron processed $282.9 billion.
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