The on-chain transaction volume of stablecoins increased by 8% in October, while the issuance supply fell by approximately 0.7%

According to data, the on-chain transaction volume of stablecoins increased by about 8% in October after adjustment, rising to $899 billion. The supply of issued stablecoins fell by about 0.7%, dropping to $149.3 billion, among which USDT and USDC's market shares were 79.5% and 16.9% respectively. The spot trading volume of compliant centralized exchanges (CEX) rose by 16.3% in October, reaching $843 billion; Bitcoin and Ethereum's adjusted total on-chain transaction volumes overall grew by 28.1%, rising to $420 billion, with Bitcoin's adjusted on-chain transaction volume increasing by 32.1%, and Ethereum's increase was at 20.9%.