The USD1 stablecoin on Aptos is seeing rapid supply concentration. Echelon has accumulated $21.2M worth, now commanding 68.4% of the total USD1 supply circulating on-chain. This pattern reflects a broader dynamic in DeFi—liquidity naturally gravitates toward platforms and protocols offering the most attractive yield opportunities and highest utilization rates. As stablecoin adoption accelerates across the network, capital tends to concentrate where returns are most compelling.

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