At first glance it looks like stablecoins are leaving Ethereum. But the flows are mostly shifting to faster, cheaper rails like Tron and Solana.

> Ethereum still acts more like the place where liquidity sits, not where it moves daily.

> Different chains are starting to specialize instead of competing directly.

Feels less like rotation out of crypto, more like the market growing up.

SOLUSDT

Perp

77.29

-3.31%

TRXUSDT

Perp

0.27927

+0.50%