A quiet revolution is brewing in DeFi, and it’s all about where the cash flows. Forget just parking funds for yield—stablecoins like USDC are now the workhorses of real-world settlement, and networks that can handle the load are pulling ahead.
Ethereum still reigns supreme in raw liquidity, holding 64.57% of all USDC and boasting a massive $75 billion TVL. But a new metric is stealing the spotlight: transaction volume. High TVL is nice, but actual usage—money moving, settling, and being put to work—is the new kingmaker.
Enter the XDC Network, where USDC transaction volume just blasted past $3 billion in a single month. That’s not just a number; it’s a volume that starts to rival traditional payment networks, signaling a major shift in where DeFi’s real-world utility is heading.
This isn't just about crypto-native yield farming anymore. It’s about USDC acting as the essential 'cash leg' for everything from RWAs to institutional settlements. The networks leading in USDC transaction volume aren't just playing in DeFi—they're building the rails for the future of global payments, one $3 billion month at a time.
