Ethereum remains the top platform for stablecoins, holding $84.6 billion and representing 49.1% of the total stablecoin supply. TRON also has a strong presence, holding 83.9% of the $144.4 billion stablecoin market. However, Ethereum's market share has slightly decreased, possibly due to the usage of layer 2 solutions and the failure of Terra's UST stablecoin. The price of Ethereum's native token, ETH, has recently dropped below $2,500, reflecting broader market uncertainty. Despite this, there is still belief in future ETH growth, and whale activity suggests growing investor confidence. Ethereum-based ETFs have lagged behind Bitcoin ETFs in terms of performance.



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