Messari: Stablecoins hit a new high of $258.5 billion in market value, with decreasing trading volume but surging fees

Odaily Planet Daily News: According to Messari Weekly, the total market value of stablecoins reached a historic high of $258.5 billion, with a month on month increase of 2.7%. The daily trading volume of stablecoins rebounded by 13.2% to $143.1 billion, reversing last week's decline, but still decreased by 6.3% month on month. However, the number of transactions decreased by 10% on a weekly basis to 35.3 million. The deviation between trading volume and trading quantity may reflect an increase in average trading scale or institutional activity. The daily transaction fees of stablecoins increased by 8.9% on a weekly basis, reaching $23 million, indicating strong demand for stablecoin applications. Small scale agreements have performed well, with Sky fees surging 362.0% to $1.5 million this week, Ethena rising 367.8% to $613700, and Usual fees skyrocketing 8142.4% to $64700. The increase in expenses indicates a significant increase in user engagement on major and emerging stablecoin platforms.