Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge
![Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge 206 Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/05/stablecoin-distribution.jpg&w=70&h=37&q=75)
Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge
Ethereum's stablecoin dominance faces competition from Tron, which reveals negligible bridging exercise when compared to high interchain movement on BSC and Arbitrum.
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Stablecoins are indispensable in DeFi, reflecting market liquidity and funding tendencies. Even supposing Ethereum commands a staggering 61.01% of TVL in DeFi protocols, deeper insights emerge from the distribution of stablecoins. Ethereum controls 49.87% of the stablecoin market cap, adopted carefully by Tron at 35.52%. These metrics unveil more in regards to the accurate liquidity landscape, in particular when inspecting the issuance and bridging of stablecoins. While Ethereum showcases hefty on-chain issuance, one blockchain stands out for its sudden infamous-chain exercise...
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