Reports Disagree on What $9.2B DeFi Stablecoin Figure Is

CryptoBriefing and Coinfomania both cite a $9.2 billion figure in reporting on the same Token Terminal data, but attribute it to different things.

CryptoBriefing and Coinfomania both cite a $9.2 billion figure in reporting on the same Token Terminal data, but attribute it to different things.

What all sources agree on

• Total stablecoin deposits in DeFi reached $24 billion.
• Deposits are up 560.8% over the past three years.
• The $24 billion figure represents 8% of the total stablecoin market, valued at approximately $298.4 billion.
• USDC holds a 38.2% share of DeFi stablecoin deposits.
• The data was released by Token Terminal.

Where the reports disagree

1What the $9.2 billion figure refers to

USDC leads the pack with a 38.2% share of DeFi deposits, which works out to around $9.2 billion.

CryptoBriefing 2026-10-25 19:11

With Aave v3 and v4 holding a combined $9.2 billion, platforms are competing intensively for market share through enhanced liquidity and yield offerings.

Coinfomania (2026-10-25T19:34:07+00:00) 2026-10-25 19:34

What would settle it: The underlying Token Terminal dataset or dashboard breakdown showing how the $9.2 billion figure is categorized.

What to make of it

Treat the $24 billion total, the 560.8% growth figure, and USDC's 38.2% share as consistently reported; the attribution of the specific $9.2 billion figure—to USDC's deposit share or to combined Aave v3/v4 holdings—is unresolved pending the original Token Terminal data breakdown.

Treat the $24 billion total, the 560.8% growth figure, and USDC's 38.2% share as consistently reported; the attribution of the specific $9.2 billion figure—to USDC's deposit share or to combined Aave v3/v4 holdings—is unresolved pending the original Token Terminal data breakdown.

Update 25 Oct 2026, 19:54 UTC · added by The Cryptonomist EN

The Cryptonomist EN reports a different figure altogether, citing Token Terminal data showing DeFi stablecoin deposits at $24 billion, up 560.8% over three years, with USDC making up 38.2% of that total. The outlet also notes a shorter-term divergence: lending-pool data show net withdrawals over the past month, even as the longer-term deposit trend keeps climbing.

Originally reported by AltcoinGordon, written by Olivia Hayes. Republished with permission.

View the original on AltcoinGordon →

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