Monad leads in 24h stablecoin supply changes. Ethereum falls behind with smaller movement. $3.8B flow marks a major shift in liquidity.
In a surprising twist, Monad has overtaken Ethereum in the 24-hour stablecoin supply changes, marking a notable shift in the blockchain ecosystem. According to the latest data, Monad saw a massive $3.8 billion change in stablecoin supply within a single day, surpassing Ethereum, which has traditionally held dominance in this metric.
Stablecoin supply change refers to the net movement of stablecoins—like USDT, USDC, and DAI—across a blockchain. It is often used as a sign of liquidity movement and investor sentiment. Monad’s sudden surge suggests a spike in usage, possibly driven by new DeFi activity, incentive programs, or cross-chain migrations.
What’s Driving the $3.8B Surge?
Several factors could be behind this record-breaking move. Monad has been gaining traction thanks to its high throughput capabilities, low transaction fees, and growing ecosystem support. Recent integrations with decentralized applications and bridges may have catalyzed a large inflow of stablecoins.
Another potential driver is user migration. As Ethereum gas fees remain relatively high, users and protocols may be exploring faster and cheaper alternatives, with Monad emerging as a leading choice.
NOW: Monad flips Ethereum in 24h stablecoin supply changes with $3.8B. pic.twitter.com/mno4y4eNAc
Implications for the Crypto Ecosystem
This shift is more than just a number. It signals a potential redistribution of on-chain liquidity and user attention. If Monad continues this growth trend, it could become a serious competitor to Ethereum not only in stablecoin activity but also in broader DeFi applications.
For Ethereum, this is a wake-up call to maintain competitiveness through scalability upgrades and ecosystem incentives. For users and developers, it opens new doors for exploring emerging blockchains with strong performance metrics.