Mantle, Sui Surge in Stablecoin Transactions, Ethereum Leads in Transfer Size

In the rapidly evolving world of stablecoin transactions, new data reveals a shifting landscape in how various blockchain networks are being utilized. Ethereum and Tron continue to dominate as primary network and infrastructure providers, but newer entities such as Mantle and Sui are making significant strides, particularly in average stablecoin transaction sizes.

Recent statistics highlight that while each network is expanding its stablecoin adoption, they are doing so in different ways. Some networks show strength in transaction volume, others in transfer size, and still others in user base, represented by the number of user addresses. Ethereum leads in average stablecoin transfer size with an impressive $68,000 per transaction, indicating its preference among high-value users, institutions, and DeFi protocols. Following Ethereum is Base, a Layer 2 solution developed by Coinbase, with an average transaction size of $20,000. Tron, known for its ultra-low transaction fees and efficiency, ranks next with an average of $8,900 in stablecoin transfers.

Mantle and Sui have emerged as notable players, eclipsing more established networks like Optimism and Arbitrum in average transaction size. Mantle registers $6,800, while Sui comes in close at $5,800. This performance suggests that users are becoming more comfortable handling larger sums on these platforms, likely due to their efficient transaction throughput, competitive gas fees, and growing developer ecosystems. The presence of decentralized finance platforms and their high-yield protocols could also be contributing to the development of larger transaction volumes from active traders and institutions across both networks.

Tron, on the other hand, dominates in terms of total USDT volume and user adoption. It processed a staggering $623.9 billion in stablecoin volume over the past 30 days, highlighting its role as the preferred network for USDT transactions, particularly in regions where low fees are critical. With over 57 million USDT addresses, Tron accounts for more than 75% of all active USDT addresses globally. This colossal user base illustrates Tron’s exceptional standing as a network friendly to retail transactions, including everyday payments, cross-border transactions, and peer-to-peer transfers, especially in developing markets.

The efficiency, high throughput, and minimal fees of Tron have made it the choice for speed and cost-effectiveness in the movement of stablecoins, particularly in transactions outside the traditional banking system. This trend underscores an increasingly fragmented and specialized blockchain ecosystem, where users and developers pick platforms that suit their specific needs, be it scalability, transaction costs, or yield. In this fast-moving environment, watching the emerging players like Mantle and Sui may give us hints about the next big winners in stablecoin infrastructure.