Ethereum Stablecoin Share Falls to Record-Low 46%

Ethereum’s share of stablecoin supply across blockchain networks fell to 46%, a record low, as its on-chain supply declined $32.5 billion over the past year.

Total stablecoin supply across the market declined about $10 billion over the same period. Tron added $16.2 billion and reached 32% of supply, while Hyperliquid and Solana each added $1.6 billion.

Arc, X Layer, Robinhood Chain, Tempo and Monad, among networks launched this year, collectively added $5.2 billion in stablecoin supply.

Over the 30 days ending Oct. 27, Ethereum’s stablecoin market capitalization declined 2.07%, a separate measure from supply share.