In 2024, USDC has seen remarkable growth, with an 80% increase in its market capitalization from the lows of 2023, reaching crazy levels in early 2025. This expansion reflects a growing adoption of stablecoins and diversification towards alternative blockchain networks, marking a significant evolution in the crypto landscape.
Crypto: USDC crosses $44 billion in market capitalization
The crypto market has experienced significant development in 2024, notably with the increase in the market capitalization of USDC (USD Coin). According to recent data, USDC's market cap has increased by 80% from 2023 lows, reaching nearly $44 billion by early 2025.
This impressive growth is attributed to an increase in onchain activity and wider distribution of USDC across different blockchain networks. In 2023, USDC was primarily focused on Ethereum, accounting for 85% of the circulating supply. However, this proportion has decreased to around 65% in 2024, with a notable migration to alternative crypto networks like Solana and Hyperliquid.
Because, retail traders have started to enter the crypto market via Solana, attracted by speculation around Solana-based memecoins and artificial intelligence agent tokens. Additionally, regulation plays a key role in this dynamic. If Tether, the largest stablecoin, remains unregulated within the European Union, European residents may increasingly adopt USDC as an alternative, since it complies with new EU rules.
Future outlook
Analysts predict that this trend will continue, with a market capitalization of USDC potentially doubling ($100 billion) by the end of this year 2025. This growth will come through the increased adoption of stablecoins in decentralized finance (DeFi), where these The latter serve as a gateway to DeFi applications.
In short, the increase in the market capitalization of USDC reflects a major evolution in the crypto landscape, marked by a diversification of blockchain networks and a growing adoption of stablecoins. This trend promises to further transform the cryptocurrency market in 2025 and beyond.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
