Ethereum's share of stablecoin supply across blockchain networks dropped to a record low of 46%, with its on-chain stablecoin supply declining by $32.5 billion over the past year. Meanwhile, the total stablecoin supply across the market fell by about $10 billion. Tron gained $16.2 billion in stablecoin supply, reaching 32% market share, while newer networks like Hyperliquid, Solana, and several launched this year (Arc, X Layer, Robinhood Chain, Tempo, Monad) collectively added $8.4 billion. This shift highlights growing diversification in stablecoin issuance across different blockchain platforms.
Ethereum stablecoin market share shifts provide context for cryptocurrency trends. For readers following crypto markets, here is Pluang's snapshot as of Nov 12, 2026 04:22 WIB: Out of 50 major cryptocurrencies priced on Pluang, 31 rose and 18 fell today. Notable moves include SXP (Solar) down 46.27% to Rp37 with a typical hold time of 94 days, ONE (Harmony) down 18.24% to Rp27 with 41% sell and 59% buy order activity and a typical hold time of 153 days, and BAL (Balancer) up 11.14% to Rp16.297 with a typical hold time of 85 days.
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