
Ah, the theater of blockchain! In the past 24 hours, stablecoin activity has spiked, and TON, that unexpected protagonist, has stolen the limelight. Its stablecoin supply leapt by $500 million, a sum that makes one wonder if it’s found the philosopher’s stone. Tron, ever the sidekick, trailed with a modest boost, while Plasma, Avalanche, and Ethereum clapped politely from the sidelines. A standing ovation, however, was not in the cards for Sui, Katana, Arbitrum, Base, and Solana, whose supplies contracted like a miser’s heart. BNB Chain, alas, bled the most, its stablecoin supply shrinking faster than a nobleman’s fortune in a Turgenev novel. 🩸