Stablecoin deposits are the most important KPI in DeFi - even more so than TVL.

WalleDAO
@WalleDAO
03-30
The Great DeFi Stablecoin Rotation: $8.5B Wealth Transfer in 6 Months
@SkyEcosystem's USDS just flipped the market ↓
➢ Oct 2025 → Mar 2026
Market share by deposits:
• USDS: 22% → 45% (+$3.9B, +51%)
• USDe: 43% → 23% (-$8.9B, -60%)
• Aave USDC/T: 35% → 32% (-$3.5B,

Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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