Total market capitalization: $314.68B as of 21/06/2026 (382 issuers, DefiLlama), ~$323B at the May 2026 peak, with remarkable resilience during a -48% crypto bear market. Concentration: USDT $186.35B (59.22%) and USDC ~$77B = 83.02% of the market. USDC: +28% supply growth in Q1 2026, on-chain volume +263% to $21,500B.
The market processed >$33,000B in…
