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Stablecoin flow by chain: where dollars actually moved over 30 days

The dollar change in each chain's stablecoin float over the trailing 30 days. Unlike a TVL ranking this is a flow, not a level: it only moves when somebody mints or bridges dollars onto a chain, or takes them off. Chains below $100M of float when the cohort was set (2026-09-25) are not ranked, because one mint moves them by a third.

TL;DR. As of , Plasma leads net stablecoin flow (30d) at $263.56M (latest value) across 26 ranked chains. Source: OpenChainBench, https://openchainbench.com/benchmarks/chain-stablecoin-flow.

Read this carefully

Stablecoin float is where dollars are parked, not what they do. A chain can take in a billion that sits idle, and lose float to a single issuer redeeming. The figure is DefiLlama's chain-wide pegged-USD aggregate, every issuer combined; it does not separate a bridge inflow from a native mint, and a dollar bridged to an L2 counts on both chains, so rows are not additive. Read the net dollars with the percentage beside them: the same $400M is a rounding error on Ethereum and a doubling elsewhere.

Bridged TVL says how much value a chain secures. It is a level, and a level barely moves: an asset bridged eight months ago still counts today. Stablecoin float answers the other question. Dollars only appear on a chain when somebody mints or bridges them there on purpose, so the change in that float over a month is about as close to a capital-flow reading as public data gets. It also covers the chains bench 273 cannot: L2Beat tracks scaling chains, so Solana, Tron and BNB have no row there; all three are ranked here. The board ranks by net dollars because that is the quantity that moved, with the percentage alongside because $400M means different things at different sizes.

Methodology

The chain-kpis harness already read /stablecoincharts/<chain> for each chain's current pegged-USD total and kept only the last point. That endpoint returns the full daily history, so the same fetch now also differences it: chain_stables_net_7d_usd and chain_stables_net_30d_usd are the dollar changes, chain_stables_change_7d_pct and chain_stables_change_30d_pct the percentages. No extra request. The windows are published only when the history reaches back far enough to difference, so a chain DefiLlama began tracking last week shows its float and no change, rather than a 30-day move measured against its own first data point. A chain whose float 30 days ago was zero publishes no percentage either, because that is not a division.

  • Source: DefiLlama /stablecoincharts/<chain>, the chain-wide pegged-USD aggregate across every issuer, one point per day. Unfiltered: adding stablecoin=<id> narrows to a single asset and returns an empty 200 on chains where that asset has no issuance.
  • Net flow = today's float minus the float 30 days earlier, in dollars. The percentage is the same difference over the earlier value. Both windows count back by index on the daily series, so 7d is the point seven days back and not eight.
  • A window is published only when the series reaches that far back and the starting value is above zero. A chain newly tracked, or one whose float started at zero, publishes its float gauge but no 30-day figure, so it is not ranked until the window exists rather than ranked on an invented move.
  • Size floor: $100M of stablecoin float, applied when the cohort was chosen rather than recomputed each run. Below it a single mint or redemption moves the percentage by tens of points, and the board would rank issuance events rather than capital movement.
  • Ranking is by net dollars, because that is the quantity that actually moved. The percentage column is the size-adjusted reading and the two disagree on purpose: the largest net inflow and the largest percentage gain are rarely the same chain.
  • No cohort-relative column here, unlike bench 273. A flow already carries a sign, so the raw number separates a chain that gained from one that lost. Value secured is a level and moves with the market, which is why that board needs an excess column and this one does not.
  • Cadence: every 15 minutes, matched to the rest of the DefiLlama reads in the harness. The underlying series is daily, so p50, p90, p99 and the mean read the same value and are equal by construction.
  • Coverage: every registry chain DefiLlama tracks for stablecoins that sat above the floor on 2026-09-25, when the cohort was chosen; the Results heading carries the live count. A chain DefiLlama does not track answers 404 and is absent rather than shown at zero. Arc cleared the floor but its history starts 2026-09-17, too short to difference; it joins once that point exists. Under the floor that day: Berachain, zkSync Era, Linea, Unichain, Gnosis.

Results: 26 chains ranked by Net stablecoin flow (30d) (latest value)

Stablecoin flow by chain: where dollars actually moved over 30 days: Net stablecoin flow (30d) per chain (latest value).
№ChainsLatest30d changeStablecoin floatNet 7dSuccess
1Plasma$263.56M19.1%$1.64B$158.72M100.00% (n=2880)
2Ink$98.95M58.4%$268.31M$101.11M100.00% (n=2880)
3Aptos$66.81M9.14%$797.35M$96.48M100.00% (n=2880)
4Sui$28.85M5.44%$558.89M$11.91M100.00% (n=2880)
5Cronos$87.1K0.063%$138.34M$564.0K100.00% (n=2880)
6Celo-$944.0K-0.83%$113.02M-$175.9K100.00% (n=2880)
7Sei-$8.67M-18.6%$37.96M$2.07M100.00% (n=2880)
8Mantle-$15.68M-2.92%$521.87M-$1.20M100.00% (n=2880)
9Stellar-$42.75M-9.37%$413.35M$17.84M100.00% (n=2880)
10Monad-$52.96M-7.37%$665.19M$11.58M100.00% (n=2880)
11Sonic-$65.45M-41.6%$91.94M$2.59M100.00% (n=2880)
12Robinhood Chain-$71.15M-6.48%$1.03B-$17.88M100.00% (n=2880)
13Polygon PoS-$77.22M-2.31%$3.27B-$156.26M100.00% (n=2880)
14Base-$91.59M-1.76%$5.11B$50.44M100.00% (n=2880)
15Starknet-$117.66M-76.8%$35.45M$245.1K100.00% (n=2880)
16Gram-$133.09M-18.5%$586.07M$323.3K100.00% (n=2880)
17Avalanche-$145.30M-15.2%$808.30M-$87.49M100.00% (n=2880)
18X Layer-$151.10M-9.75%$1.40B$47.90M100.00% (n=2880)
19BNB Chain-$164.41M-1.16%$14.05B-$58.11M100.00% (n=2880)
20Arbitrum One-$168.20M-4.20%$3.83B$217.47M100.00% (n=2880)
21Optimism-$277.66M-41.8%$386.23M$15.70M100.00% (n=2880)
22XRP Ledger-$298.39M-26.2%$840.42M-$122.98M100.00% (n=2880)
23Hyperliquid-$856.95M-12.1%$6.25B-$414.54M100.00% (n=2880)
24Solana-$959.06M-6.35%$14.14B-$289.29M100.00% (n=2880)
25TRON-$1.25B-1.33%$93.38B-$283.70M100.00% (n=2880)
26Ethereum-$12.29B-8.50%$132.26B-$3.47B100.00% (n=2880)

Net stablecoin flow (30d) by chain

Latest value per chain, ranked highest first.

Frequently asked

Why stablecoin float rather than TVL?

Because TVL is a level and this is a flow. An asset bridged eight months ago still counts in TVL today; dollars only appear on a chain when somebody mints or bridges them there on purpose, so the monthly change in that float is closer to a reading of where capital is actually moving.

How does this differ from the bridged TVL board?

That board measures what a chain's bridge secures, from L2Beat, which tracks scaling chains only. Solana, Tron and BNB have no row there; all three are ranked here. It also measures a different thing: dollars arriving rather than value at rest.

Why rank on dollars instead of percentage?

Because the dollar figure is the quantity that moved. The percentage is on the page beside it and the two rank differently on purpose: the same inflow is a rounding error on the largest chain and a step change on a smaller one.

Why are small chains excluded?

Because a chain with a few tens of millions of float moves tens of percent on one mint or one redemption, so a board including them would rank issuance events. The floor is $100M of float, applied when the cohort was chosen on 2026-09-25; chains under it then are not on this board, and the cohort is revisited by spec review, not recomputed each run.

Does an inflow mean the chain is winning?

Not on its own. Dollars can arrive and sit idle, and they can leave because one issuer redeemed rather than because users left. The float is where money is parked, not what it does; read it next to the chain's DEX volume and TVL.

Source code github.com/ChainBench/OpenChainBench/tree/main/harnesses/chain-kpis