Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge
Summary
Stablecoins play a crucial role in DeFi, indicating market liquidity and investment trends. Ethereum dominates with 61.01% of Total Value Locked (TVL) in DeFi protocols and controls 49.87% of the stablecoin market cap. Tron follows closely with 35.52% of the stablecoin market cap. These figures reveal the actual liquidity landscape, especially when looking at the issuance and bridging of stablecoins. Ethereum is notable for its substantial on-chain issuance, while one blockchain is distinguished for its unexpected cross-chain activity.
