Ethereum continues to lead the stablecoin market, with an average transfer volume of $521,000 per user over the past month, according to data from Our Network. This highlights Ethereum's significant role in facilitating large capital flows, as it hosts 51% of the total stablecoin market cap, valued at approximately $142.6 billion. The stablecoin market has expanded to $275.5 billion, with Ethereum accounting for the majority of transactions. Avalanche is emerging as a competitor, with users transferring an average of $206,000 per holder, despite holding only 0.64% of the stablecoin supply. Other networks such as Optimism, Tron, and Aptos also show varying transfer volumes per holder.