According to the analytical company Token Terminal, the value of onchain stablecoins in the Ethereum network has reached an all-time high of $180 billion.
Ethereum holds 60% of the $180 billion stablecoin supply, up 150% over the past three years, company says reported Tuesday.
The company forecast that about $1.7 trillion is expected to flow into all networks across all networks over the next four years, and that Ethereum could see $850 billion in “new flows” by 2030 if it grows 470% in that time.
Standard Chartered predicted at the end of 2025 that more than $1 trillion could leave banks and end up in stablecoins by 2028.
Ethereum is the dominant network for stablecoins and tokenized real-world assets (RWAs), with major financial institutions such as BlackRock, JPMorgan and Amundi launching tokenized funds on the network as the total stablecoin supply across all networks reached a record $315 billion in the first quarter.
Momentum supports the bull cycle fueled by tokenized assets
RWA.xyz real asset metrics provider reports a slightly lower Ethereum stablecoin value of $168 billion.
It also confirms that Ethereum is the industry leader with a market share of 56%. This number increases to over 65% when EVM (Ethereum Virtual Machine) and Layer 2 networks such as Arbitrum, ZKsync Era, and Base are included.
Related: Stablecoin supply reached $315 billion in the first quarter as USDC rose and USDT fell
The data highlights Ethereum’s dominance in stablecoins and onchain liquidity, “fueling strong positive sentiment and recent cryptocurrency growth,” Nick Ruck, director of LVRG Research, told Cointelegraph on Wednesday.
“These dynamics strongly support a sustained, long-term growth cycle driven by tokenized assets and institutional adoption, although competition from peer networks, regulatory hurdles and macro volatility remain key headwinds to further growth,” he added.
JPMorgan CEO touts tokenization
JPMorgan CEO Jamie Dimon acknowledged in his annual letter to shareholders published Tuesday that “an entirely new set of blockchain-based competitors are emerging, including stablecoins, smart contracts and other forms of tokenization.”
A Wall Street bank fired its first tokenized money market fund (MONY) on Ethereum in December.
“The world’s largest bank runs on Ethereum, and its CEO publicly says it still isn’t moving fast enough.” he stated Ethereum infrastructure startup Etherealize on Tuesday.
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