Stablecoins are indispensable in DeFi, reflecting market liquidity and investment trends. Although Ethereum commands a staggering 61.01% of TVL in DeFi protocols, deeper insights emerge from the distribution of stablecoins. Ethereum controls 49.87% of the stablecoin market cap, followed closely by Tron at 35.52%. These metrics unveil more about the true liquidity landscape, particularly when examining the issuance and bridging of stablecoins. While Ethereum showcases hefty on-chain issuance, one blockchain stands out for its unexpected cross-chain activity...
![Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/05/stablecoin-distribution.jpg&w=70&h=37&q=75)
Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge
Ethereum's stablecoin dominance faces competition from Tron, which shows negligible bridging activity compared to high interchain movement on BSC and Arbitrum.
![Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge](https://cryptoslate.com/wp-content/uploads/2024/05/stablecoin-distribution-768x403.jpg)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.