According to The Block Pro data, the stablecoin on-chain transaction volume continued to rise after the December adjustment, reaching $608 billion, an increase of about 1.9%; the supply of issued stablecoins also increased by 0.57% to reach $120.8 billion, with the market share of the US dollar stablecoin USDT reaching 76%, up 1.2 percentage points from November, and has maintained four consecutive months of growth, while the market share of USDC continues to decline to 18.3%. In addition, the total on-chain transaction volume of Bitcoin and Ethereum after adjustment rose by 29.1% during the same period, reaching $328 billion, with Bitcoin's on-chain transaction volume rising by 34.4% after adjustment, and Ethereum's on-chain transaction volume rising by as much as 21.6%.