#稳定币 The stablecoin inflow data is worth following. In 2025, the net inflow will break $100 billion, indicating that traditional funds have begun to enter the market systematically. More interestingly, the scale of yield-generating stablecoins has doubled, reflecting the market's structural demand for "Liquidity + Yield" – no longer just a simple safe-haven tool, but beginning to carry capital allocation functions.

From the perspective of on-chain contract tracking, the daily trading volume of perpetual DEX has skyrocketed from billions to hundreds of billions. This growth rate is not hype; it reflects a genuine shift in market demand. The success story of Hyperliquid demonstrates the power of high-yield models combined with real income, which also explains why institutional funds are concentrating in this direction.

However, it is important to remind that the expansion of stablecoins does not represent that the entire market is developing healthily. The large number of projects that have no real adoption cleared out during the bubble burst period precisely illustrates how high the cost of blindly following trends can be. The signals worth tracking are: which protocols can convert the inflow of stablecoins into actual business revenue, and which ones are merely engaging in liquidity games.

The expansion potential of stablecoin payments in 2026 is indeed significant, as the integration of traditional payment networks like Visa and Stripe means that Web3 payment infrastructure is moving from niche to mainstream. This trend can be continuously observed.