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Less than 10% of stablecoins are deposited in DeFi, Token Terminal finds
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4 Articles
Token Terminal estimates that only $24 billion in stablecoins were deposited in DeFi protocols as of October 25, 2026, compared to a market of $298.4 billion. Although these deposits grew 560.8% in three years, liquidity is concentrated in few tokens and Ethereum retains a wide advantage among the networks.
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