The post Bitcoin On-Chain Momentum Accelerates: 10M Active Users, Exploding Stablecoin Supply, and a Booming Derivatives Ecosystem appeared on BitcoinEthereumNews.com.

A still unfolding revolution is under way with Bitcoin, not where it is most visible, at the price, but deep within the ecosystem. User activity has surged, and with it, a lot of on-chain metrics have turned, almost dramatically so in some cases, bullish. The network has seen a flood of stablecoin capital, and on top of that, it looks like we’re now building with Bitcoin (in a way that for the last cycle we seemed to build with Ethereum). The next wave of financial innovation isn’t just on the drawing board; it’s here and happening. With more than 10 million people involved in the Bitcoin blockchain every month, this digital code is no longer just a comparatively simple series of “if, then” instructions. It is a growing, dynamic part of an on-chain financial system that serves its users with an astonishing range of increasingly innovative digital services, all happening on the blockchain. And the numbers are backing it up. Stablecoins Set the Stage for Bitcoin’s DeFi Expansion The most significant force behind the evolution of Bitcoin’s on-chain operations is the swelling supply of stablecoins. The whole stablecoin ecosystem now stands at over $144 billion, with USDC by itself growing at a remarkable 38.6% annual rate since January. This is an influx of dollar-pegged money that is liquid and available in the ecosystem for anything that might happen on-chain. Stablecoins serve as the operational currency for DeFi, enabling everything from collateralized lending to cross-chain swaps that happen without hiccups. This liquidity infusion is especially timely for Bitcoin. It is helping to catalyze the emergence of on-chain derivatives markets and staking protocols built either directly or indirectly on BTC infrastructure. With more capital available, these protocols can offer better yields, deeper markets, and more attractive products for both institutional and retail…

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Filed under: News - @ April 25, 2025 3:26 am