Key Insights:
BNB Chain has overtaken Solana to become the blockchain with the largest stablecoin holder base, reaching 79.3 million addresses.
Rising adoption of tokenized ETFs and over 360 million BNB holders highlight growing retail and institutional interest.
BNB price is approaching the $600 resistance, with bullish retail sentiment but cautious positioning from whales.
The BNB Chain has seized the crown for most stablecoin holders. It has even managed to overthrow Solana, which previously held the position.
Data from Token Terminal shows that the BNB Chain currently has over 79.3 million addresses at the time of writing. That lead has arrived as total on-chain stablecoin holders across every network have climbed to 289 million at the same time.
Low fees and nonstop retail activity likely drove the surge on BNB Chain. Daily users piled into USDT, USDC, and other stables for transfers and DeFi plays.
Stablecoin Holder Count by Chain | Source: Token Terminal
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