Ethereum remains the largest hub for on-chain dollar liquidity.
Over the past 7 days, Ethereum's stablecoin supply increased by $243 million, bringing the total to $146.5 billion, or about 48% of the amount across all chains.
Including Arbitrum and Base, the three chains grew by a combined total of about $403 million over the week.
Stablecoins are the lifeblood of on-chain markets. Rather than focusing solely on the price of $BTC , I think changes in stablecoin supply are also worth watching over the long term.
Over the past 7 days, Ethereum's stablecoin supply increased by $243 million, bringing the total to $146.5 billion, or about 48% of the amount across all chains.
Including Arbitrum and Base, the three chains grew by a combined total of about $403 million over the week.
Stablecoins are the lifeblood of on-chain markets. Rather than focusing solely on the price of $BTC , I think changes in stablecoin supply are also worth watching over the long term.