On April 2026, the Ethereum network reached a structurally significant data milestone. According to data from blockchain analytics platform Token Terminal, the total on-chain stablecoin supply on the Ethereum chain reached a record high of $180 billion on April 7, representing about 60% of the global stablecoin market, and the figure has grown by 150% over the past three years. Meanwhile, Ethereum also holds a leading position in the tokenization of real-world assets (RWA), custodializing about 61.4% of the world’s tokenized assets, with a settlement value of approximately $206.2 billion. This data is not an isolated event, but a concentrated reflection of Ethereum’s ongoing strategic evolution from a “global computer” to a “global settlement layer.”

On April 2026, the Ethereum network reached a structurally significant data milestone. According to data from blockchain analytics platform Token Terminal, the total on-chain stablecoin supply on the Ethereum chain reached a record high of $180 billion on April 7, representing about 60% of the global stablecoin market, and the figure has grown by 150% over the past three years. Meanwhile, Ethereum also holds a leading position in the tokenization of real-world assets (RWA), custodializing about 61.4% of the world’s tokenized assets, with a settlement value of approximately $206.2 billion. This data is not an isolated event, but a concentrated reflection of Ethereum’s ongoing strategic evolution from a “global computer” to a “global settlement layer.”

Ethereum on-chain stablecoin value surpasses $180 billion

According to on-chain data released by Token Terminal on April 8, 2026, the stablecoin on the Ethereum network