Cathy Wood's prediction that liquidity would enter the market in December appears to be manifesting, with early indicators pointing to new money flowing into the market. The initial signs of a market cycle often precede price movements, with stablecoins being the first to react. A significant increase in stablecoin transfers has been observed across three major blockchain networks, a development frequently overlooked by many. When stablecoin volume escalates this rapidly, it signifies that fresh liquidity is actively seeking investment opportunities. These three chains collectively processed over half a billion dollars in volume within a single week, a figure that is far from random and suggests strategic capital deployment.
The movement of liquidity invariably creates opportunities. These initial surges in stablecoin activity often appear weeks before mainstream attention is drawn to these developments. This shift provides insight into the potential next steps for traders, developers, and investment funds on chains like Sui, Aptos, and Solana. Monitoring stablecoin flows is a crucial starting point for identifying where the next wave of market activity might emerge.
Understanding Stablecoin Inflows
A rise in stablecoin volume serves as the primary indicator of new liquidity entering the ecosystem. Stablecoins can be likened to "dry powder," held in reserve before being deployed into active positions. Traders and funds typically move stablecoins onto a specific blockchain network before establishing significant positions. An increase in trading volume for stablecoins indicates the arrival of new capital and its readiness for deployment, suggesting that interest is building even before price fluctuations occur. Subsequently, this flow can catalyze further market activity, including increased trading, deeper liquidity, and heightened demand for the chain's native tokens and decentralized applications.
This influx builds buying power, with stablecoins leading the way and price movements following. Examining the recent significant movers in the stablecoin space reveals key trends.
- •Trading
- •Deeper liquidity
- •Demand across the chain’s tokens and applications
Sui Network ($SUI)
The Sui Network ($SUI) is demonstrating robust activity in the stablecoin sector, evidenced by recent inflows and a diverse range of stablecoins available on its platform. Notable stablecoin offerings on Sui include:
- •Two yield-bearing tokens, $rcUSD and $rcUSDp by R25, which are supported by diversified, compliant real-world assets. These represent a recent addition to the network's stablecoin ecosystem.
- •The new native stablecoin $USDsui, issued by Stripe.
- •Circle's native $USDC.
- •$suiUSDe, a partnership with Ethena.
- •$YLDS from Figure.
- •$USDi, which is backed by BlackRock’s tokenized money market fund, BUIDL, and is expected to be available before the end of the year.
The next chapter for RWAs on Sui is here. @R25Official launches rcUSD & rcUSDp – yield-bearing tokens supported by diversified, compliant real-world assets.
Bridging institutional capital into DeFi and scaling liquidity across Asia & beyond.
Learn more 👇… pic.twitter.com/niDrduUANb
— Sui (@SuiNetwork) November 25, 2025
This comprehensive stablecoin offering underscores Sui's commitment to this asset class. The growth in stablecoin volume on Sui suggests that new capital is entering the network, driven by developer and user confidence in upcoming decentralized finance (DeFi) activities.
Stablecoin Inflows on Sui
Recent stablecoin inflows place Sui at the forefront of network activity. According to DeFiLlama's rankings, Sui ranks second among the top 20 chains for recent inflows, with an 8.12% increase over the past seven days, though this figure is subject to change.
A significant portion of this surge occurred on November 24th, when Sui experienced an inflow of $2.4 billion in stablecoins within a single 24-hour period, dramatically outpacing other networks on that day.
THIS IS HUGE!!!🔥$SUI saw $2.4B in Stablecoin Supply Changes the past 24h!! pic.twitter.com/werMu4IAME
— Kyle Chassé 🐸 (@Kylechasse) November 24, 2025
Analyzing DeFiLlama's chart for Sui's stablecoin growth reveals a significant upward trend. In February 2024, the market capitalization stood at approximately $314 million. By July 2025, it peaked at $1.24 billion, with another peak of $1.18 billion in October of the same year. The current market capitalization is around $700 million. The native $USDC remains the dominant stablecoin, accounting for 76% of the total stablecoin market cap on Sui.
An increase in stablecoins translates to greater available capital for various DeFi applications, including lending, liquidity pools, trading, and staking. This makes Sui a more attractive platform for new projects and users. Sui's inherent scalability, high transaction throughput, and efficient architecture, further enhanced by the Move programming language, contribute to lower friction for stablecoin transfers, DeFi interactions, and dApp engagement. In the near term, this trend suggests a surge in liquidity and DeFi activity. For the mid-term, an increase in investor and developer confidence is anticipated. In the long term, Sui could see significant chain-level adoption and ecosystem expansion.
Aptos ($APT)
Aptos ($APT), another Layer 1 blockchain utilizing the Move programming language, has experienced substantial stablecoin activity. Over the past seven days, Aptos recorded the highest stablecoin flow among the top 20 chains, with a 22.24% increase. While DeFiLlama lists only five stablecoins directly on Aptos, a broader range of stable assets are available. Tether's $USDT is the dominant stablecoin on Aptos, representing 46% of the market. Other stablecoins available on Aptos include:
- •BlackRock $USD BUIDL
- •Circle's $USDC
- •WLFi $USD1
- •Ondo's $USDY
- •$USDG0 by Paxos
As of today, @worldlibertyfi‘s USD1 has officially landed on Aptos—USD1’s first Move-based chain, and the chain of choice for stablecoins.@PanoraExchange is making the cross-chain bridging experience seamless for all. Learn more ↓ https://t.co/8NvFW4ePng
— Aptos (@Aptos) October 7, 2025
Aptos's current stablecoin market capitalization stands at $1.58 billion, marking a new all-time high for the network. The increased presence of stablecoins and stable-value rails facilitates easier and more cost-effective native access for users and investment funds, thereby encouraging further stablecoin capital to migrate to Aptos.
Similar to Sui, Aptos utilizes the Move language, which contributes to its speed, low transaction costs, and scalability. These attributes make it highly suitable for stablecoin transfers, DeFi activities, and managing large liquidity flows. This is particularly appealing to institutional investors and large-volume holders, as the low fees and high throughput reduce friction and risk associated with moving or holding capital. In the short to mid-term, an increase in DeFi activity and trading volume is expected. The long-term potential positions Aptos as a significant hub powered by stablecoins.
Solana ($SOL)
Solana ($SOL) boasts a larger market capitalization than Sui and Aptos combined. Despite its scale, it ranks third in weekly stablecoin volume among the top 20 chains, following Aptos and Sui. The 7-day change in stablecoin volume for Solana was 7.37%. DeFiLlama lists 55 stablecoins on Solana, indicating that the actual number is likely higher. $USDC is the dominant stablecoin on Solana, with a 62.5% share.
Solana now leads as the biggest transfer layer for USDC, with monthly sender counts far outpacing every other chain, according to Token Terminal.
More than one-third of all USDC senders now use Solana—highlighting its dominant role in moving stablecoins across the crypto… pic.twitter.com/txTYkyBvs6
— Capital Markets (@capitalmarkets) November 11, 2025
Like Sui and Aptos, Solana is characterized by its speed and low transaction costs, making it an ideal platform for frequent or large-volume stablecoin transfers. The low friction—in terms of speed and cost—reduces risk and overhead for stablecoin transactions on Solana, making it a more attractive option compared to slower and more expensive blockchains.
The total market capitalization for stablecoins on Solana is $13.8 billion. Moving such a substantial amount is more complex than managing the significantly lower market caps on Sui and Aptos. In mid-October, Solana reached a new all-time high with $16.25 billion in stablecoin market capitalization, demonstrating its strong position in stablecoin-related activities. The infrastructure for stablecoins and tokenization continues to expand, with Solana effectively meeting the growing demand.
Stablecoin supercycle?@aeyakovenko on why the internet may become the largest holder of US treasuries 🪙 pic.twitter.com/6G5pYUqgOz
— Solana (@solana) September 18, 2025
In the short term, Solana is poised to become a preferred network for stablecoin transfers and payments. For the mid-term, an increase in projects built on Solana is anticipated, attracting both users and capital. In the long term, Solana has the potential to evolve into a major stablecoin-powered hub, potentially serving as a backbone for global payment systems.