Most stablecoin value settles on a small number of chains, and the split moves. This index tracks USD-pegged stablecoin supply across 8 chains, measured daily from on-chain data and recorded as a dated series since 2026-08-07. As of 2026-10-30, Ethereum holds the largest share at $140.55B (51.0% of the tracked total).
Stablecoin supply by chain — 2026-10-30
| Chain | Stablecoin supply | Share | Change vs our last reading |
|---|---|---|---|
| Ethereum | $140.55B | 51.0% | -0.58% |
| Tron | $93.90B | 34.1% | +0.32% |
| Solana | $15.13B | 5.5% | -1.22% |
| BSC | $13.07B | 4.7% | -3.92% |
| Base | $5.00B | 1.8% | +0.03% |
| Arbitrum | $3.46B | 1.3% | -3.22% |
| Polygon | $2.86B | 1.0% | -1.40% |
| Avalanche | $1.37B | 0.5% | +0.11% |
Change column compares against our own previously recorded reading (1 days); “—” means we do not yet hold a prior reading for that chain.
Key takeaways
- Ethereum holds $140.55B (51.0% of the tracked total), down 0.58% since our last reading.
- Tron holds $93.90B (34.1% of the tracked total), up 0.32% since our last reading.
- Solana holds $15.13B (5.5% of the tracked total), down 1.22% since our last reading.
- The top chain accounts for 51.0% of tracked stablecoin supply; the top three account for 90.6%.
Methodology
- What is measured: Total USD-pegged stablecoin circulating supply on each chain.
- Chains covered: Ethereum, Tron, Solana, BSC, Arbitrum, Avalanche, Polygon, Base.
- Cadence: read daily and recorded as a dated row per chain; this page is updated in place — it is one permanent URL, not a new post per update.
- Series held: 85 dated day(s), 2026-08-07 to 2026-10-30.
- Sources: stablecoins.llama.fi, defillama.com/stablecoins. Figures are read directly from these public APIs; we do not adjust or model them.
- Limits: provider coverage differs by chain, so a chain may be absent when its provider returns no reading. Percentages are shares of the tracked set, not of the entire market.
Related analysis
- Ethereum stablecoin reserves swell while DEX trading collapses, signaling dormant liquidity
- Tron’s stablecoin dominance grows as trading activity surges but DEX volume remains marginal to ecosystem size
- BSC stablecoin reserves grow while DEX volume gains slow, signaling capital buildup ahead of activity
Which blockchain holds the most stablecoin supply?
Ethereum, at $140.55B — 51.0% of the 8 chains tracked here as of 2026-10-30.
This page reports measured on-chain data. It is not investment advice, and nothing here is a forecast.
