Ethereum holds nearly $140 billion in stablecoins — about half of the entire market. But its price is testing support.
Key figures:
• ~$140 billion in stablecoins on Ethereum, about half the total market — Grayscale, Nov 7, 2026
• ~40% of tokenized assets are on Ethereum, more than 2x its nearest competitor (~20%) — Grayscale
• 2,000+ applications on Ethereum, with another 6,000 on its Layer 2s — Grayscale
What that means to me: from an infrastructure perspective, ETH’s dominance isn’t an empty claim — major issuers like BlackRock, WisdomTree, and Invesco use its network for tokenized products. But infrastructure dominance doesn’t automatically translate into price: ETH is around $2,236 tonight, just ~1.3% above the $2,206 support watched by More Crypto Online analysts — a break below opens the way to $2,069–$1,832.
What I’m watching next: whether $2,206 holds through the daily close, and whether this infrastructure dominance is finally reflected in ETH ETF flows.
What do you think—will infrastructure dominance like this eventually show up in the price, or is the market valuing something else first?
This is my analysis, not financial advice — always DYOR.
#Ethereum #Stablecoin $ETH
Key figures:
• ~$140 billion in stablecoins on Ethereum, about half the total market — Grayscale, Nov 7, 2026
• ~40% of tokenized assets are on Ethereum, more than 2x its nearest competitor (~20%) — Grayscale
• 2,000+ applications on Ethereum, with another 6,000 on its Layer 2s — Grayscale
What that means to me: from an infrastructure perspective, ETH’s dominance isn’t an empty claim — major issuers like BlackRock, WisdomTree, and Invesco use its network for tokenized products. But infrastructure dominance doesn’t automatically translate into price: ETH is around $2,236 tonight, just ~1.3% above the $2,206 support watched by More Crypto Online analysts — a break below opens the way to $2,069–$1,832.
What I’m watching next: whether $2,206 holds through the daily close, and whether this infrastructure dominance is finally reflected in ETH ETF flows.
What do you think—will infrastructure dominance like this eventually show up in the price, or is the market valuing something else first?
This is my analysis, not financial advice — always DYOR.
#Ethereum #Stablecoin $ETH