1/ We’re thrilled to introduce our expanded stablecoin coverage, starting with Ethereum mainnet, as part of our chain dashboards This new section tracks data on both major and emerging stablecoins. Let’s explore the dash
2/ Stablecoin circulating supply has surpassed its early 2022 all time highs, driven primarily by $USDC and $USDT
3/ While growth in established stablecoins on ethereum has slowed recently, emerging players like @ethena_labs's $USDtb & @BlackRock's $BUIDL have seen significant growth in the last 90 days
4/ Wallets and centralized exchanges account for the majority of top stablecoin holdings
5/ In DeFi, @ethena_labs and @SkyEcosystem have shown strong growth in onchain stablecoin activity, while @pendle_fi leads among derivative projects leveraging stablecoins
6/ @Aave remains the leader in stablecoin holdings within lending, with @SparkProtocol and @EulerFinance trailing behind
7/ Stablecoin transfer volumes have shown steady growth, now on track to surpass $1T in monthly volume after filtering out flash loan volumes
8/ Surprising activity has emerged in non-USD stablecoins, with Turkish lira-backed $TRYB and euro-backed $EURC seeing increased adoption
9/ A preview of these insights is available above. For the full dataset and more detailed charts, check out the Ethereum dashboard, exclusive to @blockworksres subscribers https://blockworks.co/analytic...