Stablecoin supply on the Ethereum network has reached $180 billion, hitting an all-time high.

Ethereum's On-Chain Stablecoin Value Hits $180B, 60% of Global Market

Ethereum just hit a new milestone. According to Token Terminal, the value of stablecoins on the Ethereum network reached $180 billion—a record high—capturing 60% of the global stablecoin market. That's a 150% increase over the past three years.

Token Terminal projects that on-chain capital inflows across all networks could reach $1.7 trillion over the next four years. If Ethereum captures 470% of that growth, it could see an additional $850 billion in inflows by 2030. Major financial institutions like BlackRock, JPMorgan, and Aberdeen are already launching tokenized funds on Ethereum, helping push total stablecoin supply to a record $315 billion in Q1.

When you include EVM-compatible chains and Layer 2 networks like Arbitrum, ZKsync Era, and Base, Ethereum's market share climbs above 65%.