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Meilin (美林 / 美琳)
According to data from Tom Wan, in the past year:
Ethereum native stablecoin supply decreased by about $32.5 billion, with its share dropping to 46%.
The Ethereum mainnet no longer naturally absorbs most of the stablecoin market's incremental growth as before, but instead distributes usage across different networks—
Tron: low-cost, large USDT transfers and commercial payments;
Solana: high-frequency trading, Meme, and retail liquidity;
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