Ethereum Stablecoin supply Surges to Record High, Fueling Network Growth
Ethereum’s stablecoin supply has reached an all-time high of $162.3 billion, signaling robust network activity and investor confidence. This milestone reflects the growing importance of Ethereum in the decentralized finance (DeFi) space.
According to DeFiLlama data, Ethereum’s stablecoin supply has climbed from $130 billion in July. This surge coincides with a rise in defi’s total value locked (TVL), which now stands at $81 billion, up from $60 billion in July.
Decentralized exchange (DEX) trading volumes have also remained above $80 billion for three consecutive months. This sustained activity highlights Ethereum’s popularity among traders and developers for DeFi applications and tokenized assets.
Stablecoin growth often indicates higher transaction volumes and a more engaged user base—key signs of a healthy network. As more users adopt Ethereum for financial transactions, its network strength continues to grow.
Analysts are now revisiting the debate over whether Ethereum could surpass Bitcoin’s market value. this concept, known as the “flippening,” has gained traction as Ethereum’s momentum increases.
Tom Lee, head of research at BitMine, draws a parallel between Ethereum’s potential and the rise of U.S. equities after the gold standard ended in 1971. “Ethereum could flip Bitcoin similar to how Wall street and equities flipped gold post-1971,” Lee said during an interview with Cathie Wood,CEO of ARK Invest.
While Bitcoin’s market cap is currently at $2.07 trillion, Ethereum’s is $445 billion.Lee believes that as tokenization expands, bringing assets like stocks and real estate on-chain, Ethereum could become the primary layer for digital finance.
Other experts, including Joseph Lubin and Nigel Green, share a similar outlook.Though, Bitcoin supporters like Samson Mow argue that Ethereum’s growth cycles are temporary.
