Ethereum’s stablecoin market capitalization rose by about $400 million over the past 24 hours to reach $162.3 billion, according to data from Token Terminal cited by Techub News. That gives Ethereum a 54.5% share of the total stablecoin market, which stands at $297.8 billion, keeping it firmly in the top spot among blockchain networks for stablecoin issuance and circulation. Tron ranked second with $93.2 billion, accounting for 31.3% of the market, while Solana placed third at $14.6 billion. Techub, citing U.Today, said the figures show Ethereum continues to hold a leading position across DeFi activity, payment solutions, and institutional settlement use cases. The update adds to the latest snapshot of how stablecoin liquidity remains concentrated on a small number of major chains, with Ethereum still well ahead of its closest rivals by total market value.
Ethereum’s stablecoin market capitalization increased by about $400 million in the past 24 hours to $162.3 billion, according to Token Terminal data cited by Techub News. That puts Ethereum at 54.5% of the total stablecoin market of $297.8 billion, keeping it in first place among blockchain networks.
Stablecoin market share by chain
Tron ranked second with $93.2 billion, representing 31.3% of the market. Solana was third at $14.6 billion.
Where Ethereum still leads
Techub, citing U.Today, said the data shows Ethereum continues to lead in DeFi, payment solutions, and institutional settlement.
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