Bots Drive $480B Stablecoin Volume on Ethereum

According to crypto platform CEX.io, 4.84 million stablecoin transfers occurred on Ethereum’s layer-1 network in May, pushing volume to a record $480 billion. The activity was largely automated, signaling a shift in how liquidity and utility are shaping the network.

Lead analyst Illia Otychenko linked the spike to reduced transaction fees in early 2025, reversing a trend of users and liquidity migrating to rival chains and layer-2 solutions. As a result, Ethereum’s mainnet saw an 11% rise in stablecoin market cap this year, while L2 networks saw only a 1% decline.

Stablecoins Shift DeFi Focus Toward Real Utility

Once criticized for MEV manipulation and sandwich attacks, bots are now credited for improving efficiency on Ethereum’s DEXs. In April, stablecoin swaps accounted for 37% of all DEX trades on Ethereum — 32% in May.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The trend reflects a growing focus on real-world payments and stable value transfers. USDC, issued by Circle, became the most traded asset on the network — further signaling Ethereum’s shift toward being a stablecoin infrastructure layer.

Otychenko believes this isn’t a passing trend. “Speculative tokens come and go, but stablecoins stick because they solve real problems,” he said, pointing to the growing need for fast, borderless payments in emerging economies.

Challenges Remain for Ethereum’s Long-Term Lead

Despite its momentum, Ethereum faces key challenges — particularly liquidity fragmentation across layers. Otychenko emphasized that overcoming these hurdles is essential: “This isn’t just a technical issue. It’s what will decide whether Ethereum leads or lags in the next phase of adoption.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Reclaims DeFi Lead With $480B Stablecoin Surge appeared first on Coin Engineer.

In August, Hamster Kombat boasted 300 million active users, but as of November 5, it has only 41 million monthly active players, marking an 86% drop in user numbers. This decline has become even more pronounced with the launch of its new competitor, Paws Mini App, which has quickly gained traction on the Telegram platform. Paws reached 20.5 million users in its first eight days, surpassing the growth rate of Hamster Kombat.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

According to IntoTheBlock (ITB) data, user interest in Hamster Kombat peaked on September 27 with approximately 772,330 active addresses, but has since declined. User activity and interest in the token have dropped sharply, with more than a 36% decline in the past week alone.

Token Price Decline

These challenges have also affected the price of Hamster Kombat’s token. According to CoinGecko data, the game’s HMSTR token dropped from its peak price of $0.01 on September 26 to $0.0022 by November 4 — a nearly 70% decrease. This dramatic decline in token price is directly linked to reduced engagement within the game and a drop in the number of daily active users.

Hamster Kombat’s rapid decline has also raised questions about the sustainability of the “tap-to-earn” concept and blockchain-based games.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Hamster Kombat Loses 86% of Its Users! appeared first on Coin Engineer.