Less than 10% of stablecoins are deposited in DeFi, Token Terminal finds
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Fewer than 10% of all stablecoins are deposited in DeFi, according to Token Terminal, leaving the vast majority of stablecoin supply idle outside on-chain lending and liquidity protocols. The finding points to untapped revenue potential for DeFi protocols and underscores Ethereum's continued dominance of the stablecoin ecosystem. The data suggests stablecoin growth has outpaced actual deployment into DeFi markets, with most tokens held outside protocol deposit contracts. What to watch next is whether lending yields, incentive programs or new chain deployments can draw a larger share of stablecoin supply on-chain.
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Token Terminal, stablecoins, Ethereum (ETH)
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