CryptoMedium•9 November 2026•
1 min read
Ethereum Stablecoin and Tokenized Fund Market Cap Shrinks 19% to $168B
Key Facts
1The total market capitalization of stablecoins and tokenized funds on the Ethereum network dropped 19% to $168 billion.
The total market capitalization of stablecoins and tokenized funds on the Ethereum network dropped 19% to $168 billion. Crypto Briefing reported that this contraction highlights growing vulnerabilities in the DeFi ecosystem, with the total figure sliding from a previous high of $206.7 billion recorded in April.
The decline follows a security exploit at KelpDAO on April 18, 2026, which resulted in the loss of approximately $292 million in assets. As of November 9, 2026, the stablecoin supply on Ethereum stood at roughly $135 billion, with tokenized funds accounting for the remainder of the current market valuation.