USDC transfer volume on Ethereum reached a record $748.3 billion in July 2025 across 8.3 million transactions, marking an on‑chain throughput comparable to major banking flows and signaling deeper stablecoin integration into DeFi and payments infrastructure.
July 2025 transfers: $748.3 billion and 8.3 million transactions on Ethereum.
Surge pushes on‑chain stablecoin activity to levels comparable with large financial institutions.
Market data: USDC price near $1.00, market cap ~$67.38B, 24h volume spiked; no executive statements issued.
USDC transfer volume on Ethereum hit $748.3B in July 2025—record high. Read COINOTAG analysis of causes, market impact, and expert insights. Explore full report.
What is the USDC transfer volume on Ethereum in July 2025?
USDC transfer volume on Ethereum reached $748.3 billion in July 2025, recorded across roughly 8.3 million transactions. This single‑month throughput rivals large banking system transfers and reflects heightened stablecoin utility for liquidity rails, DeFi activity, and payments settlements.
How did USDC transfers reach $748.3 billion and what does it mean?
Data aggregators reported the $748.3 billion figure, showing a sharp monthly concentration of on‑chain activity. The surge increased average and peak gas usage on Ethereum and amplified DeFi protocol volumes. Market observers compare the flow to traditional interbank clearing volumes, underlining a structural shift toward blockchain rails.
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Several factors converged: increased merchant and institutional on‑ramping, elevated DeFi liquidity needs, and concentrated settlement windows. Historical patterns show stablecoin spikes during market re‑allocations and settlement cycles. Analysts reference Token Terminal and CoinMarketCap data (plain text) as corroborating datasets.
The surge boosted short‑term trading volumes and provided deeper liquidity for lending and AMM pools. Gas fee pressure rose at peak moments, but overall USDC price stability remained intact. As of August 25, 2025, USDC traded near $1.00 with a market cap of approximately $67.38 billion.
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Source: https://en.coinotag.com/usdc-transfers-on-ethereum-reach-748-3-billion-in-july-and-may-suggest-institutional-scale-activity/