Stablecoin inflows into Ethereum reach $775M in 24 hours
Ethereum registered the largest single-day stablecoin inflow among all blockchains, raising the total capitalization of tokens on its network to $162.2 billion.
Over the past 24 hours, the Ethereum network recorded the largest stablecoin inflow among all blockchains - about $775 million, according to data from Artemis.
The platform’s data shows that the total market capitalization of stablecoins on Ethereum has surpassed $162.2 billion, representing over 55% of all stablecoin assets. For comparison, Tron ranks second with $76.6 billion, followed by Solana ($14.5B), BNB Chain ($13.3B), and Arbitrum ($9.1B).
Stablecoin distribution by blockchain. Source: artemisanalytics.com
The market continues to be dominated by Tether (USDT) and USD Coin (USDC), with capitalizations of $175.5 billion and $74.3 billion, respectively. The third-largest stablecoin, Ethena USDe, holds a market cap of roughly $12.5 billion, despite a recent dip following the market-wide flash crash.
The surge in stablecoin issuance and movement coincides with a broader market recovery and renewed interest in DeFi platforms and centralized exchanges (CEXs). According to Artemis, these two sectors accounted for the bulk of new liquidity inflows, while activity in RWA (real-world assets) and payments remains subdued.
Such spikes often precede increased buying activity. The inflow of nearly $800 million in stablecoins suggests that large investors are positioning for new market entries - typically a sign of rising buy-side pressure on ETH and potential upward momentum in its price.
