Ethereum holds 48.3% of the stablecoin supply behind DDD.

• Largest network 48.3% Ethereum’s share of tracked supply
• Top two combined 78.0% The two largest networks together
• Network HHI 3,286 Sum of every named network’s squared percentage share. Higher means more concentrated; 10,000 would be a single network.
• Effective networks 3.04 How many equally sized networks would produce this concentration. Far below the raw count when a few networks dominate.

A further 3.79% of tracked supply sits in the record’s remainder, across networks it does not name individually. That share is excluded from the two measures above, so the concentration reported here is a lower bound. See classification and limitations.

The supply distributed above is the numerator of DDD. The denominator is U.S. M2, and at this record the ratio was 1.33% — about 1 in 75 U.S. dollars.

Change in the supply recorded on each network between the two records named above. These are differences between two frozen snapshots, not observed transfers: nothing here shows supply moving from one network to another, because the record contains no cross-chain flow data. Every row shares one scale, drawn from the largest single change in either direction.

• Networks expanded5of 10 named networks
• Networks contracted5of 10 named networks
• Unchanged0no recorded difference
• Net across the record−$339.4Mnamed networks and the remainder together

• Solana ▲expanded by +$183.6M
• All other networksremainder ▲expanded by +$91.3M
• Ethereum ▲expanded by +$57.1M
• Base ▲expanded by +$41.0M
• X Layer ▲expanded by +$15.2M
• Avalanche ▲expanded by +$13.8M
• Polygon ▼contracted by −$15.4M
• Hyperliquid L1 ▼contracted by −$28.5M
• Tron ▼contracted by −$57.3M
• Arbitrum ▼contracted by −$119.9M
• BSC ▼contracted by −$520.3M

Share of tracked supply held by the largest network in every canonical record that carries a network breakdown. Over this window it has fallen, from 50.1% to 48.3%. The axis below spans at least two percentage points, so a small change is not stretched into a large one.

Where supply is recorded, not where it is used

Each figure is the stablecoin supply attributed to a network at the record’s cutoff. It is a stock, not a flow: it says nothing about transactions, settlement, payment activity or how often that supply moves.

No cross-network flows are measured

The canonical record holds one supply figure per network per day and nothing else. A network expanding while another contracts is two separate observations of two separate balances between 8 August 2026 and the record before it. Nothing here shows supply travelling between networks, because no such data is recorded.

Bridged and native representations are not distinguished

The record carries no native-versus-bridged classification, so this page makes none. Where an asset is issued on one network and represented on another, attribution follows whatever the source dataset reports, and the page cannot separate the two.

Network identity follows the source dataset

Names and boundaries are the source’s, and membership of the named rows can change between records: a network can fall into the remainder or rise out of it. When that happens the record states the crossing but no figure for it, and this page does the same.

The remainder is a bucket, not a network

All other networks is every network outside the 10 named rows, added together — $11.65B, or 3.79% of tracked supply. The record does not name its members, so they cannot be ranked, counted or charted individually, and their combined share is excluded from the HHI above.

The residual is the difference between the summed network breakdown and the record’s own total supply. It is not the remainder row: the remainder is supply attributed to networks outside the named rows, while the residual is supply the breakdown and the headline total account for differently. A small residual is expected, because network attribution and the headline total are captured from the same snapshot but reconciled independently. Tolerance is the threshold below which that difference is treated as immaterial.

Full definitions, the formula and its caveats are on the methodology page. The record these figures come from is published in full as the Daily Tape record for 8 August 2026.