Stablecoin Market Cap
The sum of stablecoins that are locked on the chain.
What does Stablecoin Market Cap tell you?
Stablecoin market cap is a crucial metric for evaluating the growth and development of a blockchain's decentralized finance (DeFi) ecosystem.Stables are a popular choice for use in DeFi applications such as lending, borrowing, and trading. The market cap of stablecoins on a particular chain can provide valuable insights into the level of adoption and usage of DeFi applications on the network. A high stablecoin market cap is indicative of a robust and thriving DeFi ecosystem, where users are actively engaged in utilizing the various financial applications available on the chain.