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

Odaily Se�ᐧᐊᕐᕆᑦᓯ — Crypto analyst Tom Wan posted on X platform that Ethereum's stablecoin market share has dropped to 46%, hitting 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 declined by only about $10 billion.

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