The Ethereum network has marked a milestone in the decentralized finance (DeFi) sector, with the total supply of stablecoins in its ecosystem reaching an all-time high. According to data from the Token Terminal platform, the total amount of stablecoins in this network has exceeded $183 billion (USD).
This registration underscores Ethereum’s position as the leading network for the issuance and use of fiat-pegged digital assets and strengthens its role as the central infrastructure for much of the economic activity in the cryptocurrency space.
reached record numbers Represents a growth of 6.2% in the past 30 daysdemonstrating sustained demand for the use of stablecoins within decentralized applications (dApps).
This $183 billion not only set a new record, but also highlighted Ethereum’s superiority over its direct competitors.
According to Token Terminal metrics, the second network with the largest supply of stablecoins is Tron, with around USD 78 billion under management, which is significantly smaller. This difference confirms the trust of stablecoin issuers and users in the Ethereum network.
Despite this solid record on stablecoin metrics, the price trend of its native cryptocurrency Ether (ETH) has shown divergent behavior, recording a decline of around 15% over the past 30 days and remaining at that level. Fluctuations at around USD 3,887 per ETH While writing this article.
CriptoNoticias reported today that the flight of institutional funds to BTC and ETH funds could intensify the market decline.
(Tag Translation) Blockchain
