According to TechFlow, on December 4, DefiLlama data showed that the USDT stock on the Ethereum network reached 60.7 billion US dollars, accounting for 46.6%, exceeding the 59.5 billion US dollars on the Tron network, accounting for 42.8%. This is the first time since 2022.
The USDT distribution of other networks is: BNB Chain 4.7 billion US dollars (3.6%), Arbitrum 3.12 billion US dollars (2.4%), Avalanche 1.3 billion US dollars (1%), Polygon 650 million US dollars (0.5%), Solana 780 million US dollars (0.6%). The data does not include the USDT part that is bridged to other chains.