BNB Chain Surpasses Ethereum and Tron in Stablecoin Transaction Share

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On-chain data shows BNB Chain now leads in stablecoin transactions, surpassing Ethereum and Tron. In February, it recorded 15.1 million active sending addresses, a 133% year-over-year increase. The chain processed 40% of global stablecoin volume despite holding only 5% of the total supply. Ethereum’s market share is declining as BNB Chain gains traction due to lower fees, faster block times, and popular DeFi platforms like PancakeSwap. On a single day, $21.7 billion in stablecoin transfers were processed.

Odaily Planet Daily reports that although large institutional fund flows dominate the total trading volume of stablecoins, the vast majority of stablecoin transactions are small transfers. In this niche segment, BNB Chain is emerging as the preferred blockchain for retail users conducting stablecoin transactions.

The following data confirms this trend:

- Highest monthly active stablecoin sending addresses globally: In February alone, BNB Chain recorded 15.1 million unique stablecoin sending addresses, ranking first among all blockchains. For everyday stablecoin use cases—including trading, payments, and remittances—BNB Chain is currently the most active network worldwide.

-Leading industry growth: BNB Chain's stablecoin trading volume increased by 133% year-over-year, the highest growth rate among all major blockchains.

- Carrying 40% of global transaction volume with only 5% of supply: BNB Chain holds approximately 5% of the world’s stablecoin supply but processes nearly 40% of global stablecoin transactions. This high turnover is driven by extremely low transaction fees (typically around $0.05), faster block times following the Fermi upgrade in January, and strong support from active DeFi protocols such as PancakeSwap and Venus.

- The daily stablecoin transfer peak reached $21.7 billion, setting a new annual high.

The data shows that BNB Chain has surpassed competitors such as Ethereum, Tron, and Solana in terms of stablecoin transaction volume, particularly excelling in high-frequency, low-value transfer scenarios common in emerging markets and among retail users—currently, 82% of stablecoin transfers on BNB Chain are under $1,000.

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