The Ethereum stablecoin ecosystem is experiencing a clear growth wave. Through on-chain data tracking, we see that mainstream stablecoins like USDT, USDC, and others are continuously flowing into the Ethereum network, while the activity levels of leading ecosystem projects such as Uniswap, Lido, and MetaMask are also rising.

What this reflects is not retail market enthusiasm, but institutional-level capital reallocation. The large influx of stablecoins usually indicates what? Trading demand, lending activities, and settlement liquidity are converging on Ethereum. When institutions choose to deploy stablecoins on a particular blockchain, it signifies they are preparing for larger-scale financial activities—trading pairs, lending protocols, cross-chain bridges... all of which require sufficient liquidity foundations.

From this perspective, the growth of stablecoins is not just a numerical jump but another confirmation of Ethereum's primary role as the hub of DeFi.