📰 Why GHO’s supply on DefiLlama fell by 61%
On November 14, The Defiant reported that the sharp drop in the displayed supply of the GHO stablecoin was due to a change in DefiLlama’s accounting methodology, not an equivalent token burn. The service stopped counting unused, pre-minted GHO as being in circulation.
Meanwhile, the token contract on Ethereum still shows 699 million GHO minted. The difference between total issuance and actual circulation matters when assessing stablecoin market capitalization and liquidity: a change in the metric alone does not prove that funds have flowed out.
Source: The Defiant, November 14, 2026.
#DeFi #GHO
On November 14, The Defiant reported that the sharp drop in the displayed supply of the GHO stablecoin was due to a change in DefiLlama’s accounting methodology, not an equivalent token burn. The service stopped counting unused, pre-minted GHO as being in circulation.
Meanwhile, the token contract on Ethereum still shows 699 million GHO minted. The difference between total issuance and actual circulation matters when assessing stablecoin market capitalization and liquidity: a change in the metric alone does not prove that funds have flowed out.
Source: The Defiant, November 14, 2026.
#DeFi #GHO