Stablecoin Transactions Surpass Visa Payments in Last Quarter

Bitwise described the last quarter as “Frustrating,” acknowledging an optimistic start that was met with challenges in the crypto industry.

Key observations from Bitwise’s Q1 review include:

• Daily active addresses decreased from Q4 2024 peaks, despite Base maintaining dominance.
• Stablecoins outperformed Visa, indicating robust performance against traditional payment systems.
• Amberdata reported a rebound in daily trading volumes, with Bitcoin exceeding $60 billion/day and Ethereum around $26 billion/day.
• Solana's trading volume increased from $4 billion to $9 billion, with XRP and TRX also experiencing growth.
• Analysts suggest a potential recovery is underway, though levels remain below January highs.
• Increased trading volumes might signal renewed risk appetite and improved market sentiment.

The outlook appears positive, contingent on sustained momentum in trading activities.