In May, on-chain transactions for Bitcoin and Ethereum saw a 4.4% decline, totaling $390 billion, as reported by Odaily using data from The Block Pro.
Bitcoin's transactions dropped by 4.7%, and Ethereum's decreased by 3.9%.
Additionally, stablecoin transactions fell by 20.5% to $879 billion during the same period.
The overall supply of stablecoins increased slightly by 0.5%, reaching $141.9 billion. USDT's market share rose to 78.8%, while USDC's market share experienced a small dip to 17.1%.
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