#稳定币生态发展 Looking at Dragonfly Partners' 2026 forecast, the stablecoin sector is indeed worth paying attention to. A 60% increase in supply sounds quite impressive, but US dollar stablecoins still account for over 99%, indicating that although USDT's dominant position is loosening slightly, the ecosystem remains steadfastly committed to US dollar stablecoins.

Interestingly, USDT's move from absolute monopoly to around 55% may seem like a significant decline, but in reality, it's because other stablecoins are growing, making the competitive landscape clearer. This is a good thing for the entire stablecoin ecosystem—more options are better than a single dominant player.

While BTC surges to $150,000, its market share actually declines, which shows that other assets are rising. The explosive growth in stablecoin supply, combined with Ethereum and Solana exceeding expectations, indicates that the entire DeFi ecosystem is expanding. It feels like 2026 will be a year of reshaping the crypto landscape, with a clear trend from a single to a diversified ecosystem.