Saint (thedefisaint)

gmodular

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62 Rollups, 88 Validiums and Optimiums on L2BEAT summing it to 150 projects tracked. Breaking it down: • 55 are OP Stack based (32 Rollups, 23 Validiums and Optimiums) • 50 are based on Arbitrum's code base (4 Rollups, 46 Validiums and Optimiums) • 10 are ZK Stack based (4 Rollups, 6 Validiums and Optimiums) • 5 are Agglayer CDK based (2 Rollups, 5 Validiums & Optimiums). • 5 are StarkEx based (All Validiums and Optimiums) OP Stack is the most widely adopted Stack/Framework for building any type of chain.

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I excluded 4 projects flagged as others because they either lack a working proof-based system and/or a DA bridge.

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The stablecoin adoption is not stopping. The question remains: do we need more stablecoins at this point? There are over 200+ stablecoins from several protocols, which are both native and non-native, yet $USDT and $USDC have the strongest dominance. $USDT dominance alone is approx. 62% with a market cap of $164.55b and $USDC with a market cap of $63.67b. The remaining 38% is left for $USDC and other stables, $USDC dominance is 24%. Cumulatively, both have an 86% market share. Ok, considering Ethena's $USDe being one of the fastest rising stars with a market cap of $8.21b with 3% dominance. This now brings them all to a market share of 89%. The 197+ stablecoins/ stablecoin projects are left to all fight for a spot in the remaining 11%. IMO, it's getting saturated, I do not think there's a need for more stables, because what's the point and to what end?

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