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Data: USDC Market Cap has pumped 80% from the low point in 2023, with 65% of the supply on the Ethereum blockchain.
Golden Finance reported that with the rebound of on-chain activities, the Market Cap of Circle's stablecoin USDC has pumped 80% from its 2023 low. According to CoinGecko's data, as of January 2nd, the circulating supply of USDC is close to $44 billion, nearly twice the low point of less than $24 billion in 2023. Approximately 65% of the USDC supply is on-chain in the ETH network, 10% on Solana on-chain, and about 15% on Base, Arbitrum, and Hyperliquid on-chain. Analysts expect this trend to continue, and the USDC Market Cap may double this year.