Data from Dune Analytics shows that there are currently over 200 stablecoins tracked across 37 blockchains, with a total market capitalization exceeding $320 billion.
In January 2026, stablecoin transfer volume surpassed $10 trillion — the highest since April 2022. Notably, 56% of activity comes from liquidity pools on decentralized exchanges (DEX), reflecting the growing role of DeFi in stablecoin flows.
Meanwhile, centralized exchanges (CEX) hold about $80 billion in stablecoins, representing the largest share among labeled addresses.
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