The stablecoin market capitalization has reached a new peak of $258.5 billion, marking a 2.7% increase from the previous month, according to Messari's latest report. Despite a 13.2% rebound in average daily trading volume to $143.1 billion, the volume remains 6.3% lower month-on-month. The number of transactions fell by 10% to 35.3 million, suggesting a rise in average transaction size or increased institutional activity. Meanwhile, average daily transaction fees for stablecoins rose by 8.9% to $23 million, highlighting robust demand for stablecoin applications. Smaller protocols saw significant fee increases, with Sky's fees up 362% to $1.5 million, Ethena's rising 367.8% to $613,700, and Usual's soaring 8142.4% to $64,700, indicating heightened user engagement across both major and emerging platforms.