ARK Invest's latest quarterly report reveals a significant slowdown in stablecoin growth following the market volatility shock in October, despite the total supply surpassing $300 billion. This marks a notable shift from previous rapid growth trends, as the stablecoin market, typically seen as a safe haven, showed unexpected sensitivity to broader market conditions. The report details how the October shock redistributed activity across blockchain networks, with the Base network emerging as a leader by processing approximately $3 trillion in stablecoin transactions, a 121% increase from the previous quarter. Ethereum and Tron also maintained significant positions in the transaction hierarchy, highlighting the evolving competitive landscape within blockchain infrastructure. Financial experts are closely analyzing these findings, noting that the stablecoin market's growth trajectory is crucial for institutional investors. The slowdown may indicate a consolidation phase or fundamental changes in adoption patterns, with regulatory developments and technological innovations likely to influence future growth.