TechFlow reported on March 14, according to CryptoRank data, as of March 12, the stablecoin supply on the Solana network has surged by 130% year-to-date, increasing from $5.11 billion at the beginning of the year to $11.8 billion. Ethereum remains the leading blockchain in terms of stablecoin supply, reaching $122.9 billion, up 10.5% from the start of the year; TRON ranks second with $62.9 billion, growing by 7.52%.
The stablecoin supplies on Aptos and Polygon networks increased by 34.8% and 19.2% respectively, while those on Arbitrum, TON, and Avalanche networks declined by 48.8%, 26.8%, and 19.6% respectively.
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