Ethereum accounted for 50% of stablecoin supply and 43% of tokenized assets.

Ethereum accounted for roughly 50% of stablecoin supply and about 43% of tokenized assets across smart-contract platforms as of Nov. 4, according to a Grayscale report that ranked the network first in stablecoins, tokenized assets, applications, developers and investment products. The figures underscore Ethereum’s continued dominance as the settlement layer for dollar-pegged tokens and blockchain representations of traditional assets, even as rival chains compete for share. Stablecoin supply share measures the scale of issuance per network, while tokenized assets represent on-chain claims on existing assets. Watch whether Ethereum holds these majority positions as competing platforms and new issuance channels scale.