DeFi Stablecoin Deposits Reach $24 Billion, About 8% of Market
Photo: TokenPost
As of Oct. 25, stablecoin deposits in DeFi totaled $24 billion, about 8% of the $298.4 billion stablecoin market, leaving most supply outside DeFi protocols. The $298.4 billion figure covers stablecoins. The deposit total reflects funds placed in DeFi venues, including lending pools. It is a snapshot of deposits, rather than a measure of all stablecoins or all on-chain activity. Stablecoin deposits in DeFi had grown 560.8% over the prior three years. The dataset covered 193 assets across 31 chains, spanning activity beyond any single network. USD Coin (USDC) made up 38.2% of DeFi stablecoin deposits, or about $9.2 billion.
Source: TokenPost
