One Stablecoin Metric. Three Choices. Which One Matters Most?
$DIA 's October 20 research compares stablecoins through three different lenses:
Chain distribution
USDT has $94.2B on Tron and $88.3B on Ethereum. USDC has $47.7B on Ethereum and a presence across 47 chains.
Holder concentration
USDT on Tron spans approximately 78M addresses, with the top 10 holding around 3%.
USDC on Ethereum shows 17.4% held by the top 10 according to Ethplorer's October 20 snapshot.
Lending penetration
USDT has $6.21B supplied across 27 protocols. USDC has $10.67B across 34 protocols.
Lending represents 3.4% of USDT supply and 14.8% of USDC supply.
My pick is holder concentration. It helps reveal how widely supply is distributed, although it doesn't tell the entire story.
What would you choose?
Chain distribution
Holder concentration
Lending penetration
$DIA 's October 20 research compares stablecoins through three different lenses:
Chain distribution
USDT has $94.2B on Tron and $88.3B on Ethereum. USDC has $47.7B on Ethereum and a presence across 47 chains.
Holder concentration
USDT on Tron spans approximately 78M addresses, with the top 10 holding around 3%.
USDC on Ethereum shows 17.4% held by the top 10 according to Ethplorer's October 20 snapshot.
Lending penetration
USDT has $6.21B supplied across 27 protocols. USDC has $10.67B across 34 protocols.
Lending represents 3.4% of USDT supply and 14.8% of USDC supply.
My pick is holder concentration. It helps reveal how widely supply is distributed, although it doesn't tell the entire story.
What would you choose?
Chain distribution
Holder concentration
Lending penetration
