Stablecoins drive 82.5% of WalletConnect volume in H1 2026
- —Network volume hit $207.82 billion in H1 2026, with $171.35 billion in stablecoins
- —Stablecoin share rose from 74% in January to a peak of 88% in May
- —Ethereum handled $159.8 billion in stablecoin volume, 93% of the total
- —Q3 2026 network volume reached roughly $100 billion
Why it matters: Stablecoins are becoming the primary on-chain use case, making regulation of issuers and reserves directly relevant to payment networks.
Source: Crypto Briefing