Analyst: Ethereum's Stablecoin Market Share Falls to 46%, a Record Low

Odaily reports: Crypto analyst Tom Wan posted on X that Ethereum's stablecoin market share has dropped to 46%, a record low. Over the past year, stablecoin supply on Ethereum has decreased by $32.5 billion, while the total stablecoin supply across the entire market has declined by only about $10 billion.

During the same period, stablecoin supply on Tron increased by $16.2 billion, raising its market share to 32%; Hyperliquid and Solana each added $1.6 billion. In addition, newly launched blockchains this year, including Arc, X Layer, Robinhood Chain, Tempo, and Monad, collectively added approximately $5.2 billion in stablecoin supply.