Ethereum

growthepie

📈 Layer 2s have more Stablecoins than SOL and BSC combined! 
 
+150% more than Solana 
+94% more than Binance Smart Chain 
Using @defillama data for BSC/SOL 

More food for thought – Next post 👇 

Ethereum's stablecoin mcap is equal to the stablecoins on L1 plus the stablecoins on all L2s under its security.

Ethereum's stablecoin mcap is equal to the stablecoins on L1 plus the stablecoins on all L2s under its security.

https://warpcast.com/growthepie/0x7cbebb10

I work for Ethereum at the Ethereum Foundation.

Minus those held by the L2 token bridge contract on L1

What are the stats if we exclude those on L2s eventhough they're natural extension of eth somewhat fragmented for now?