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🔍 According to @Artemis data, there was a significant liquidity rotation across networks in the stablecoin supply over the past 24 hours. The strongest increase in stablecoin supply occurred on the Avalanche C-Chain, while Ethereum, HyperEVM, Tron, Solana, Monad, and Provenance also posted positive gains. In contrast, stablecoin supply decreased on Arbitrum, Polygon PoS, and BNB Chain. The most pronounced positive movement was clearly recorded on Avalanche C-Chain. Following Avalanche C-Chain, HyperEVM, Tron, Solana, Monad, and Provenance emerged as the networks with the highest increases in stablecoin supply over the past 24 hours. On the negative side, declines in stablecoin supply were observed on Arbitrum, Polygon PoS, and BNB Chain. These three networks stood out as ecosystems experiencing net liquidity outflows over the past 24 hours. The data indicates that stablecoin liquidity has been predominantly directed toward the Avalanche C-Chain ecosystem over the past 24 hours, while positive movements across many networks—including Ethereum—signal a concentration of capital on specific blockchains. Meanwhile, the supply decreases on Arbitrum, Polygon PoS, and BNB Chain reveal that liquidity rotation between chains continues and that capital reallocation has occurred in the short term.

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