# Ethereum Holds $136.552 Billion in Stablecoins, Outpacing Solana

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/49988
Published: 2026-11-06T09:31:50.000Z
Updated: 2026-11-06T09:31:50.000Z
Section: Investing

> A Nov. 6 snapshot also puts Ethereum ahead in decentralized finance deposits and tokenized assets. Solana targets transaction finality of roughly 150 milliseconds.

Ethereum held more than nine times Solana's stablecoin market value in figures dated Nov. 6, showing the gap in capital on the two networks as investors assess their respective tokens.

A snapshot viewed at about 4:21 a.m. ET (09:21 UTC) Nov. 6 showed $136.552 billion in stablecoins on Ethereum and $14.762 billion on Solana. Decentralized finance value locked stood at $42.99 billion and $5.262 billion, respectively. Those balances show where capital sits on the networks, but do not measure returns to token holders.

The gap was smaller in trading. Over the seven days covered by the snapshot, decentralized exchanges handled $15.152 billion on Ethereum and $10.228 billion on Solana. The comparison depends in part on which activity is measured.

Ether (ETH) had a market capitalization of $272.427 billion in the snapshot, compared with $52.899 billion for Solana (SOL). A separate Nov. 6 measure placed tokenized real-world assets, excluding stablecoins, at $15.337 billion on Ethereum and $4.901 billion on Solana. That measure should be kept separate from stablecoin balances and from other definitions of tokenized assets.

The networks take different approaches to processing activity. Solana's Alpenglow consensus system went live Oct. 21 with a target of roughly 150 milliseconds for transaction finality, the point at which a transaction becomes final. A separate October change reduced its target slot time from 400 milliseconds to 200 milliseconds. Slot time and finality describe different stages of processing, and the finality target does not apply to every transaction.

Ethereum handles much of its activity through layer 2 networks, which process transactions and submit data to its base chain. Its Fusaka upgrade went live Dec. 3, 2025, increasing capacity for that data. Figures limited to Ethereum's base chain therefore leave out activity on those additional networks.

Supply mechanics add another distinction. Solana's annual issuance schedule began at 8% and reduces the rate each year by 15% of the previous year's rate until it reaches a 1.5% floor. The network burns half of its base transaction fee. Ethereum issues staking rewards and burns base transaction fees, leaving its net supply change dependent on both amounts.

Reliability has also varied. Solana halted for four hours and 46 minutes on Feb. 6, 2024. During an infrastructure failure on Aug. 12, 2026, nearly 29% of stake went offline, while the network continued producing blocks. The capital, activity and network figures describe distinct characteristics; none establishes which token will deliver a better return.