USDC hit $2.8 billion in daily DEX trading volume on August 22, a 30-day high. Total spot DEX volume crossed $10.9 billion on August 20, the first time in roughly ten weeks. USDC accounts for approximately 77% of total adjusted on-chain transfer volume year-to-date, with $32 trillion settled through August 2026. Circle reported $14.8 trillion in on-chain transaction volume for USDC in Q2 2026, a 151% year-over-year increase. USDC circulation currently stands at $73.3 billion, with Base and Solana as the main contributors to this DEX volume recovery.
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