Ethereum and its L2s settled 77% of stablecoin volume, with $16.75 trillion in transfers
Photo: Crypto Briefing
A Token Terminal-sourced report shows Base moved more stablecoin value than Ethereum mainnet over a 90-day window Stablecoins can live on almost any blockchain. Over the past 90 days, most of their volume still flowed through one family of networks. According to a report from Ethereum Institutional dated October 15, 2026, $16.75 trillion in stablecoin transfer volume settled on Ethereum mainnet and its layer-2 networks between July 15 and October 12, 2026. That works out to 77% of the $21.55 trillion in stablecoin transfers recorded across all networks over the same stretch.
Source: Crypto Briefing
