Chains
Where stablecoin supply lives, how concentrated it is, and which chains are moving.
How to read this page
Shares divide each chain's observed supply by observed global supply, so supply Pharos cannot place on a chain shows as Unattributed rather than being spread across chains. Chain Health rates each chain's stablecoin mix from 0 to 100; chains without enough evidence are NR, with the reason.
FAQ and Chain Health methodology
Chains FAQ
What is the Chain Health Score?
The Chain Health Score is a composite rating (0–100) that evaluates a blockchain's stablecoin ecosystem across five dimensions: stablecoin quality (supply-weighted Safety Scores), chain environment (resilience tier), concentration risk (supply distribution across coins), peg stability (supply-weighted proximity to target prices), and backing diversity (RWA-backed vs crypto-backed supply mix).
Which chains have the most stablecoin supply?
The leaderboard ranks chains by the latest stablecoin supply snapshot, but supply alone doesn't tell the full story. Concentration risk and backing diversity also matter: a chain with slightly lower total supply but better distribution across high-quality, diverse stablecoins may have a higher Chain Health Score.