According to MilkRoadDaily, onchain stablecoin volumes on Ethereum ($ETH) have reached a new all-time high, signaling increased market activity and liquidity in the DeFi ecosystem (source: Milk Road, May 16, 2025). This surge in stablecoin transactions on Ethereum indicates strong trader engagement and may lead to higher volatility and more trading opportunities across major crypto pairs. Additionally, Milk Road highlighted trending topics such as Internet Capital Market tokens and recent high-profile crypto schemes, providing actionable insights for active traders monitoring emerging market narratives (source: Milk Road, May 16, 2025).