Stablecoins account for over 80% of WalletConnect volume

Dollar-pegged tokens now drive the bulk of the nearly $1 billion moving through WalletConnect each day Stablecoins make up more than 80% of the nearly $1 billion in daily volume flowing through WalletConnect. WalletConnect is a connectivity network that links crypto wallets to apps across blockchains. That makes it a useful window into what people are actually doing on-chain. What they are doing, increasingly, is moving stablecoins. The numbers behind the stablecoin surge The detailed picture comes from WalletConnect’s first-half 2026 figures. Total network volume for the period reached $207.82 billion. Of that, $171.35 billion was stablecoin activity. That works out to 82.5% of everything moving across the network. The share did not sit still during those six months. Stablecoins accounted for 74% of volume in January, then climbed steadily before peaking at 88% in May. The network logged approximately 19.08 million on-chain transactions over the half-year. Ethereum dominated the chain breakdown. The network carried approximately $159.8 billion in stablecoin volume, or 93% of the stablecoin total. Arbitrum, Solana and BNB Chain followed, though at a considerable distance. The asset...