Recently, Token Terminal dropped an eye-opening chart on X (formerly Twitter) highlighting the supply of Tether's USDT stablecoin across various blockchain networks, deliberately excluding the heavyweights Ethereum and Tron. This data snapshot as of September 7, 2025, paints a clear picture of where USDT is gaining traction outside the usual suspects. For those in the meme token world, this is big news because stablecoins like USDT are the lifeblood of trading—providing stability and liquidity for those wild meme coin rides.

The tweet from @tokenterminal calls out the top three chains: Solana, Aptos, and TON. It's no surprise Solana is leading, given its speed and low fees that make it a favorite for meme token launches and trades. Let's break down what the chart reveals.

Key Insights from the USDT Supply Chart

Looking at the bar graph, Solana dominates with an outstanding USDT supply of about $2.5 billion—towering over the others in a bright yellow bar. This underscores Solana's growing role as a hub for decentralized finance (DeFi) and, crucially, meme tokens. If you're trading memes like Dogwifhat or other Solana-based viral coins, this influx of USDT means smoother transactions and deeper liquidity pools.

Next up is Aptos with roughly $1 billion in USDT, shown in a pink bar. Aptos, known for its high-throughput blockchain built on Move language, is carving out a niche in the ecosystem. The official Aptos account even replied to the tweet, hinting at their partnership with Tether. For meme enthusiasts, Aptos could be an emerging playground, especially with its focus on scalability that supports fast-paced token launches.

TON (The Open Network) follows with around $600 million, represented in a light gray bar. Tied to Telegram, TON has been buzzing with mini-apps and social-driven meme tokens. This USDT supply boost could fuel more community-driven projects, making it easier to swap in and out of memes without hefty fees.

Trailing behind are Avalanche at about $500 million, and Celo with a smaller slice under $100 million. While not as prominent in the meme scene, these chains add diversity to the stablecoin landscape.

Why This Matters for Meme Tokens

Stablecoins aren't just boring dollar pegs—they're essential for the volatile world of meme coins. USDT allows traders to park value safely during market dips or quickly enter positions on hyped tokens. Solana's lead here aligns perfectly with its meme dominance; chains like this with abundant USDT see more volume, which attracts developers and degens alike.

Excluding Ethereum and Tron makes sense because those two hold the lion's share of USDT—Tron alone has over $50 billion in circulation, often used for cheap transfers. But focusing on alternatives shows how layer-1 competition is heating up, potentially shifting where the next big meme meta plays out.

If you're building or trading meme tokens, keep an eye on these chains. Solana's USDT supremacy might explain why pumps happen so fast there, while Aptos and TON could be the next frontiers for innovative, community-backed memes.

For the full tweet and ongoing discussion, check it out here. What's your take—will Solana hold the crown, or is TON poised for a comeback? Drop your thoughts in the comments!