In the ever-evolving world of cryptocurrencies, stablecoins play a crucial role as the backbone for trading, lending, and even fueling the wild rides of memecoins. A recent chart from Token Terminal highlights a stark contrast in stablecoin supply between two major blockchains: Ethereum and Avalanche.

As shown in the visual, Ethereum boasts around $160 billion in stablecoin supply, dwarfing Avalanche's near-negligible amount—leading to an astonishing 80x difference. Stablecoins, for those new to the space, are cryptocurrencies pegged to stable assets like the US dollar, providing a reliable medium for transactions without the volatility of tokens like Bitcoin or those viral memecoins.

ミームコイン愛好家にとってなぜ重要か

While memecoins often thrive on hype and community buzz, their liquidity and trading volumes heavily rely on stablecoins. On Ethereum, powerhouses like USDT and USDC dominate, enabling seamless swaps on decentralized exchanges (DEXs) such as Uniswap. This massive supply means lower slippage and more efficient trades, which is a boon for memecoin launches and pumps.

Avalanche, known for its high-speed subnets and low fees, has been positioning itself as a scalable alternative. However, the lack of substantial stablecoin integration could hinder its adoption for memecoin ecosystems. Projects looking to deploy on Avalanche might face challenges in attracting liquidity pools, making it tougher for new memes to gain traction compared to Ethereum's established infrastructure.

データの内訳

Token Terminalの2025年9月5日時点のスナップショットは、ステーブルコイン市場におけるEthereumの確固たる地位を示しています。これに寄与する要因は次のとおりです：

• ネットワーク効果: Ethereumの先行優位性により、TetherやCircleといった主要な発行体が集まっています。
• DeFiの優位性: AaveやCompoundといったプロトコルがEthereum上に構築されており、ステーブルコインが自然とそのエコシステムに流れ込みます。
• ​規制面での安心感: 多くのステーブルコイン提供者は、Ethereumの実績あるセキュリティとコンプライアンス機能を好みます。

対照的に、Avalancheはゲームや機関向けの金融に注力してきましたが、それがまだステーブルコインの成長につながっていません。AvalancheのCore walletやパートナーシップといった取り組みが状況を変える可能性はありますが、現時点ではギャップは大きいままです。

ブロックチェーン実務者への示唆

If you're a developer or trader in the memecoin space, this data suggests sticking with Ethereum for high-liquidity plays. However, keep an eye on Avalanche—its tech could explode if stablecoin adoption ramps up, potentially creating new opportunities for low-cost memecoin experiments.

For more crypto analytics, check out Token Terminalのダッシュボード. And if you're diving into memecoins, explore our knowledge base at Meme Insider for the latest trends and tools to stay ahead.