Messari: Stablecoin market capitalization hits a new high of $258.5 billion, transaction volume decreases but fees surge

Mars Finance News: According to Messari's weekly report, the total market value of stablecoins reached $258.5 billion, hitting a historical high with a month-on-month growth of 2.7%. The daily average trading volume of stablecoins rebounded by 13.2% to $143.1 billion, reversing last week's decline, though still down 6.3% month-on-month. However, the number of transactions decreased by 10% week-on-week to 35.3 million. The divergence between trading volume and transaction count may reflect an expansion of average transaction size or increased institutional activity. The daily average transaction fees for stablecoins grew by 8.9% week-on-week to $23 million, indicating strong demand for stablecoin applications. Small protocols performed impressively, with Sky fees surging 362.0% to $1.5 million this week, Ethena rising 367.8% to $613,700, and Usual fees skyrocketing 8,142.4% to $64,700. The fee growth demonstrates significantly enhanced user engagement on major and emerging stablecoin platforms.