Stable’s network reported a sharp increase in activity over the past two days, with transaction volume rising by more than 700%, according to an update from the project’s official account on September 14. The team said the blockchain was operating normally and continuing to produce blocks, while warning that the surge had affected some remote procedure call (RPC) services.
The STABLE token was trading at approximately $0.0288 as of 04:43 UTC on September 14, up 2.17% over 24 hours and 0.5% over seven days. Its market capitalization was about $758 million, with roughly $8.8 million in reported daily trading volume. The token ranked around 120th by market capitalization in the latest market data.
Network activity and infrastructure
The reported 700%-plus increase in transaction volume is the most significant near-term development for Stable. The project said block production remained uninterrupted, suggesting that the issue was concentrated in access infrastructure rather than a halt in consensus or transaction processing.
RPC providers are commonly used by wallets, applications and developers to query blockchain data and submit transactions. Any degradation can make the network appear unavailable to users even when the underlying chain continues to operate. The project did not specify which providers were affected or give a precise transaction count in the update reviewed.
Stable is positioned as a Layer 1 blockchain designed for the USDT ecosystem, using USDT as its native gas token. Its stated target markets include payments, decentralized finance, real-world assets and enterprise applications.
Token unlock data
Tokenomics data published September 13 indicated that approximately 26.29 billion STABLE, or 26.29% of the token’s total supply, had been unlocked. Market data placed circulating supply at roughly 26.30 billion tokens, against a maximum supply of 100 billion.
The difference between circulating and total supply remains a key factor for investors because future unlocks can increase the amount of STABLE available for trading and potentially add selling pressure. The latest search results did not identify a new unlock event scheduled specifically for September 14.
Price performance and market context
Despite the network-activity update, STABLE remained well below its reported all-time high of $0.04359. Coinbase data showed the token at about $0.02783 on September 13, with a 0.74% one-day gain, a 1.28% weekly decline and a 17.96% monthly decline. Differences between quoted prices reflect timing, exchange coverage and market-data sources.
The STABLE ticker is also used by several unrelated tokens on other blockchains, including low-liquidity assets on Solana and a separate USDFi token. The figures above refer to Stable’s primary network token, whose native address is 0x0000000000000000000000000000000000001003.