Update
Less than 10% of Stablecoins Deposited in DeFi
Token Terminal data shows that less than 10% of stablecoins and tokenized assets are deposited in decentralized finance (DeFi) protocols. The largest stablecoin, USDC, leads with a 38.2% share of total DeFi stablecoin deposits, amounting to $9.2 billion. Ethereum dominates DeFi deposits with 55.2% of total deposits, followed by Base and Solana.