Key Takeaways
- Ethereum stablecoin market cap: $186.2B, over 50% of total.
- Tron stablecoin market cap: $87.1B.
- Crypto card spending: $600M per month, up 500% since September 2024.
- Visa crypto card dominance: 90% of transactions, 130+ programs, 50+ countries.
- Visa settlement volume: $7B annualized, up 50% quarter over quarter, nine chains.
- Jupiter Global: 4-10% cashback, 660% month-over-month volume growth in April.
- ERC20 stablecoin outflow April 29-30: 5.3B, largest single-day outflow of the month.
- ERC20 stablecoin inflow April 13-14: 5.1B, largest inflow spike of the month.
Two Chain Rankings, One Asset Class
Ethereum holds $186.2B in stablecoins, more than 50% of the entire stablecoin market cap. Tron holds $87.1B. Solana holds $15.8B. Every other chain combined holds the remainder. By settlement value, Ethereum is not just domina...


English (US)