Ethereum settles 77% of stablecoin volume with $16.7T in transfers

Ethereum: Ethereum is the leading blockchain platform for smart contracts and decentralized applications, serving as core infrastructure for onchain finance. It underpins the majority of stablecoin transfer activity through its mainnet and Layer 2 networks, positioning it as the primary settlement layer for institutional and retail use cases. Recent analyses continue to highlight its role in enabling composable financial applications across ecosystems. Token Terminal: Token Terminal is a data analytics platform specializing in metrics for stablecoins, tokenized assets, DeFi venues, and onchain finance across multiple blockchains. It provides standardized dashboards and insights used by market participants to track issuer activity and network performance. The platform supplied the underlying data for the 90-day stablecoin transfer statistics cited in the news. Ethereum Institute: Ethereum Institute, also known as Ethereum Institutional, is an independent non-profit organization launched in 2026 to accelerate institutional adoption of Ethereum. It focuses on education, intelligence, standards, and engagement with banks, asset managers, and other financial entities, while publishing research on ecosystem developments. The organization directly contributed the stablecoin volume analysis referenced in the news. Onchain Data: Token Terminal functions as a central source for standardized metrics on tokenized assets and blockchain activity, enabling analysis of finance trends. Institutional Focus: Ethereum Institute actively tracks and supports institutional deployments on Ethereum, including tokenized funds and other financial applications. Stablecoin Settlement: Ethereum and its Layer 2 networks serve as the primary infrastructure for settling stablecoin transfers across all major blockchain ecosystems.