USDC’s supply surged by 80% since 2023, reaching nearly 44,000,000,000 USD by early 2025. This rapid growth signifies traders’ shifting preferences with Ethereum holding 65% of the supply, while Solana and Layer 2 solutions like Base see notable gains. The diversification highlights the increasing adoption and utility of USDC in various blockchain environments.

In 2024, USDC’s transaction volume exceeded 15 trillion USD, showcasing extensive use across different platforms. A notable surge was observed on the Ethereum Layer 2 solutions, marked by Base’s significant transaction growth. Solana initially led USDC transactions but experienced a reduction in activity, paving the way for Base’s continued expansion.