Hey, meme degens and ETH maxis—stablecoins on Ethereum are going parabolic. According to ​Token Terminal​'s latest drop, weekly stablecoin transfer volume has surged ~1,000% since May 2023. That's not just hype; it's trillions in real liquidity flooding the network, setting the stage for the next meme coin supernova.

Breaking Down the Chart: Volume vs. Supply

Take a look at that orange line—weekly transfers spiking from sleepy lows around $50-100B to $600-800B peaks. Meanwhile, the blue stablecoin supply line chugs along steadily at ~$120-160B (hitting ATHs recently).

• May 2023: Volume in the dumps, post-FTX vibes.
• Now (Nov 2025)​: 10x explosion, with annual stablecoin transfers topping $50T globally (ETH leading at ~$17T).

This velocity surge means stables aren't just sitting idle—they're zipping around like caffeinated frogs in a PEPE pool.

Why the Massive Pump? 4 Key Drivers

1. L2 Boom Post-Dencun: Fees slashed 90%+. Chains like ​Base​ and Arbitrum make stable swaps dirt cheap.
2. Institutional Floodgates: Ex-BlackRock exec ​Joseph Chalom​ nails it—tokenized assets + stablecoins rewriting settlement. Think BlackRock BUIDL, PayPal PYUSD going ham.
3. DeFi Renaissance: $78B TVL in ETH stables, $3T+ tx volume YTD. Whales parking billions for yield.
4. Meme Fuel: More stables = deeper Uniswap pools. No more 50% slippage on $1M WIF buys.

Pro tip: Check ​Token Terminal's dashboard​ for live data. Ethereum dominates ~33% of global stable transfers.

How This Supercharges Meme Tokens

• Liquidity Heaven: $800B weekly flows mean zero-slippage entries into hot memes.
• Whale Magnet: Big boys (and institutions) need stables to ape in without crashing price.
• Next Cycle Setup: As ​TRM Labs​ reports, stable tx up 83% YoY. Memes ride this wave—$WIF, $PEPE, $MOG printed billions on similar liquidity tsunamis.
• ETH Supremacy: Solana's got users (~5M monthly), but ETH owns settlement.

Bottom line: This isn't bear market noise. It's infrastructure for 2026's meme apocalypse. Stack ETH, farm stables, hunt 100x memes.

DYOR, NFA—but eyes on that orange line. When volume hits $1T weekly? Send it.

What memes are you eyeing? Drop in comments! 🚀🐸

Source: Token Terminal X post | Data as of Nov 1, 2025