Stablecoin Market Cap Holds at $31.12B as Plasma Surges 13%

The stablecoin market maintained a total value of $31.12 billion as of 10:40 AM KST on April 18, according to DeFiLlama. This represents a weekly increase of approximately $429.55 million (+0.14%) and a daily rise of 0.26%, with a monthly growth of 1.34%.

Market share breakdown shows Tether leading at $183.25 billion (58.88%), followed by USD Coin at $73.95 billion (23.75%). Other notable stablecoins include Sky Dollar ($6.49 billion), DAI ($4.77 billion), and Ethena USDe ($4.74 billion).

Weekly performance saw USDD rising 10%, United Stable (+7.77%), and Ethena USDe up 4.54%. Conversely, BlackRock BUIDL fell 13%, XRP USD dropped 2.14%, and Circle USYC declined 1.95%.

Chain market share shows Ethereum leading at $146.94 billion (47.20%), followed by Tron at $94.50 billion. Other chains include Solana ($15.46 billion), BSC ($13.28 billion), Hyperliquid L1 ($6.83 billion), and Base ($5.02 billion).

Weekly chain performance saw Plasma surging 13%, Tron up 0.34%, while Ethereum dipped 0.1%. Other chains declining included Arbitrum (-11%), Polygon (-6.22%), and Stellar (-5.77%).

RWA.xyz data indicates that total on-chain stablecoin transactions reached $73 billion over the past 30 days, up 14% from last month. Monthly active addresses grew by 5.79% to 54.64 million, and total stablecoin holding addresses increased by 3.22% to 289.44 million.