Ethereum consolidates its leadership in stablecoins: market distribution analysis

GasFeeVictim · 2026-01-20T14:09:53+00:00

The concentration of stablecoins on Ethereum reaches 54.18%, surpassing TRON (26.07%), Solana (5.03%), and BSC (4.74%). This dominance reflects the maturity and preference for Ethereum in the DeFi ecosystem, highlighting its importance in market stability and liquidity.

GasFeeVictim

2026-01-20 14:09:53

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According to data extracted from DefiLlama, the stablecoin landscape shows a significant concentration on Ethereum. The market share of this blockchain reaches 54.18%, reflecting its dominance in the issuance of stable assets compared to other platforms in the crypto ecosystem.

Distribution Comparison by Network

The gap between Ethereum and its competitors is considerable. TRON ranks second with a market share of 26.07%, less than half of what Ethereum controls. Meanwhile, Solana maintains a 5.03% share, while BSC (Binance Smart Chain) accounts for 4.74% of the stablecoin market.

This distribution demonstrates how infrastructure and adoption are primarily concentrated on Ethereum, creating a market dynamic where the leading chain maintains a structural advantage over other blockchains. The data comes from analysis shared by Haonan, co-founder and CEO of CodeX, who cited this information on social media to illustrate current sector dynamics.

Implications of Ethereum’s Dominance

Ethereum’s superiority in the stablecoin market share reflects both its technological maturity and its position as the preferred network for decentralized financial applications. The market concentration suggests that users and developers find in Ethereum the tools and stability necessary for operations related to stable assets.

This trend continues to emphasize the importance of Ethereum as the backbone of the global DeFi ecosystem, where stablecoin issuance plays a fundamental role in liquidity and value transactions.

ETH3,8%

LA0,35%

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