The landscape of stablecoins is quietly being reshaped. USD1's recent performance is definitely worth paying attention to.



The data from the past three months is quite astonishing. The total supply across the entire chain jumped from 2.0-2.5B USD to 3.4B, an increase of 70-90%. Looking specifically at the Ethereum chain, the growth rate is even more outrageous—308% increase, almost as if it's grabbing market share.

What's even more interesting is the change in market dynamics. USDT and USDC, which originally held a firm grip on 88-90% of the market, have now been pushed down to 82-86%. Although it seems like only a 5-8 percentage point drop, in the stablecoin sector, this means new players are capturing more and more users and funds. The growth of USD1 is not happening out of thin air; it is genuinely taking a slice of the cake from mainstream stablecoins.

What exactly is driving this wave of growth remains to be further observed. But from a data perspective, the trend toward market diversification is already quite clear.
USD1-0.02%
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ChainSherlockGirlvip
· 4h ago
308%? This is a high-speed ride on ETH, with USD1 crazily absorbing blood. Wait, USDT and USDC only dropped 8 points and you're so panicked? I want to see who's manipulating behind the scenes. Stories exposed by wallet addresses are often more intriguing than the data itself. Based on my analysis, this wave of growth isn't so pure. Why can USD1 share the cake from the oligarchs? To be continued... A 300% increase can't be just luck; on-chain whales are definitely planning some new tricks again. I'll just sit back and watch. Is the stablecoin landscape playing cards? Are newcomers coming to revolution?
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MonkeySeeMonkeyDovip
· 01-07 20:55
A 308% growth rate is really outrageous. What's going on with Ethereum? Is USD1 just bleeding out crazily?
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faded_wojak.ethvip
· 01-07 20:55
308% this number is a bit crazy. Has Ethereum been eaten up by USD1?
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AlphaLeakervip
· 01-07 20:54
Really, this data is quite impressive... 308% on ETH? Feels like Bitcoin is about to move.
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WalletDivorcervip
· 01-07 20:48
308%? This is freaking outrageous. Are the stablecoins on ETH really fighting?
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GateUser-addcaaf7vip
· 01-07 20:43
What about the 308% growth rate? Is this really happening, or is there some data manipulation... --- The days of USDT and USDC are indeed tough, losing 5 points isn't a big deal, but once this trend starts, it can't be stopped --- Wait, how can USD1 so quickly eat into the market? Is it really just market demand behind it? --- 70-90% growth sounds impressive, but I want to know about the liquidity... --- Diversification is fine, but stablecoins like USDT are still the most practical; others are just experiments --- This time it's really about to tear apart, with this speed over three months... will there be other new contenders later? --- Only 3.4 billion, still small compared to the entire stablecoin market, don't get too excited --- It seems like new projects on Ethereum are all rushing for this opportunity, but how many will actually survive?
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ParallelChainMaxivip
· 01-07 20:34
308% growth rate? This number on ETH is a bit crazy... Is the monopoly of USDT and USDC finally about to be broken?
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BearMarketLightningvip
· 01-07 20:33
308% wow, is Ethereum really causing a stir? It seems everyone is getting tired of the USDT/USDC routine. The stablecoin craze is real, I didn't expect that, but whether USD1 can really open up a gap still depends on subsequent practical applications.
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