Majors: JPYC +1.6%, JPYSC +0.2%, USDT.e +0.2%, USDC +0.9%. This week RLUSD moved +$224.44M (+26.0%), mostly on Ethereum. 7 issuers are covered in full below; the change for the remaining 2 is listed one line each.
The same issuers in the same order every issue, whether or not they moved. Figures match the tables below.
Up to three issuers outside the majors with the largest move against the start of the period. Figures match the tables below; the ranking uses percentage change rather than absolute size (currency groups are mixed).
Automatically compiled by ChainAnalyzer from public on-chain data. All figures are deterministic aggregates; no estimates or predictions are included.
Period: 2026-08-18 – 2026-08-24
End-of-period composition
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Kaia | ¥1.97B | ¥1.97B | −¥4.59M | 68.6% (−1.3pt) |
| Polygon | ¥619.27M | ¥675.39M | +¥56.12M | 23.6% (+1.6pt) |
| Ethereum | ¥143.22M | ¥142.3M | −¥920.23K | 5.0% (−0.1pt) |
| Avalanche | ¥88.75M | ¥83.66M | −¥5.09M | 2.9% (−0.2pt) |
| Total | ¥2.82B | ¥2.87B | +¥45.52M | — |
Basis: circulating supply
Mint / burn — No mint / burn events in this period.
Administrative events — No administrative events (freeze / pause / role change) in this period.
| Chain | Verified holders |
|---|---|
| Polygon | 40,551 |
| Avalanche | 23,432 |
| Kaia | 5,535 |
| Ethereum | 2,032 |
Only chains whose full-history ledger satisfies the supply invariant (Σ ledger balances = totalSupply) are listed.
On 2026-08-24, a single address sent 10 JPYC each to 60 addresses within 2.8 days (Kaia; 28% of the latest 228 transfers sampled, covering 2026-08-21 – 2026-08-24). Uniform-amount distributions of this shape are the signature of a campaign or airdrop, not of organic transfers.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Ethereum | ¥20.06B | ¥20.1B | +¥43.63M | 100.0% (+0.0pt) |
| Total | ¥20.06B | ¥20.1B | +¥43.63M | — |
Basis: total supply (trust-type issuer)
Mint / burn (period total)
Net +¥43.63M
0x10d2f4…4d6043)Administrative events — No administrative events (freeze / pause / role change) in this period.
| Chain | Verified holders |
|---|---|
| Ethereum | 2 |
Only chains whose full-history ledger satisfies the supply invariant (Σ ledger balances = totalSupply) are listed.
End-of-period composition
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| TRON | $90.54B | $91.59B | +$1.04B | 50.1% (+0.5pt) |
| Ethereum | $87.11B | $86.45B | −$659.61M | 47.3% (−0.5pt) |
| Solana | $3.84B | $3.84B | −$88.71 | 2.1% (−0.0pt) |
| Polygon | $833.72M | $805.35M | −$28.37M | 0.4% (−0.0pt) |
| Avalanche | $18.32M | $18.32M | $0 | 0.0% (−0.0pt) |
| Total | $182.34B | $182.7B | +$355.45M | — |
Basis: circulating supply
Mint / burn (period total)
Net +$970.92M
0x6c54a4…efd66c)Administrative events — No administrative events (freeze / pause / role change) in this period.
On TRON the top-10 address share rose from 3.5% to 5.8% (+2.3pt) between 2026-08-17 and 2026-08-24. Gini moved 0.444 → 0.562. Concentration tightened over the week.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
End-of-period composition
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Ethereum | $49.66B | $49.75B | +$94.49M | 84.8% (−0.6pt) |
| Solana | $7.4B | $7.86B | +$456.28M | 13.4% (+0.7pt) |
| Polygon | $630.96M | $649.71M | +$18.74M | 1.1% (+0.0pt) |
| Avalanche | $435.5M | $379.48M | −$56.02M | 0.6% (−0.1pt) |
| Total | $58.13B | $58.64B | +$513.5M | — |
Basis: circulating supply
Mint / burn (period total)
Net −$55.86M
0xc7e2a2…60bd94)Administrative events — No administrative events (freeze / pause / role change) in this period.
On Avalanche the top-10 address share fell from 55.2% to 51.0% (−4.2pt) between 2026-08-17 and 2026-08-24. Gini moved 0.757 → 0.728. Holdings spread out over the week.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
End-of-period composition
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Ethereum | $864.52M | $1.09B | +$224.44M | 100.0% (+0.0pt) |
| Base | $254.28 | $260.69 | +$6.41 | 0.0% (−0.0pt) |
| Optimism | $143.17 | $143.17 | $0 | 0.0% (−0.0pt) |
| Total | $864.52M | $1.09B | +$224.44M | — |
Basis: circulating supply
Mint / burn (period total)
Net +$224.44M
0x8fe937…b9e2da)Administrative events — No administrative events (freeze / pause / role change) in this period.
On Ethereum the top-10 address share rose from 62.1% to 72.8% (+10.7pt) between 2026-08-17 and 2026-08-24. Gini moved 0.772 → 0.830. Concentration tightened over the week.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
End-of-period composition
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Ethereum | $1.86B | $1.97B | +$111.59M | 68.4% (+1.0pt) |
| Solana | $674.66M | $688.18M | +$13.52M | 23.9% (−0.6pt) |
| Arbitrum | $222.61M | $219.92M | −$2.69M | 7.6% (−0.4pt) |
| Total | $2.75B | $2.88B | +$122.41M | — |
Basis: circulating supply
Mint / burn (period total)
Net +$110.87M
0xa0f91c…6ddfbc)Administrative events — No administrative events (freeze / pause / role change) in this period.
On Ethereum the top-10 address share fell from 84.9% to 82.6% (−2.3pt) between 2026-08-17 and 2026-08-24. Gini moved 0.892 → 0.885. Holdings spread out over the week.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
End-of-period composition
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Ethereum | S$10.52M | S$11M | +S$473.4K | 53.7% (+0.1pt) |
| Base | S$5.63M | S$5.65M | +S$23.59K | 27.6% (−1.1pt) |
| Polygon | S$1.83M | S$2.18M | +S$348.98K | 10.7% (+1.3pt) |
| Avalanche | S$1.61M | S$1.61M | +S$7K | 7.9% (−0.3pt) |
| Arbitrum | S$21.67K | S$21.67K | S$0 | 0.1% (−0.0pt) |
| Total | S$19.61M | S$20.46M | +S$852.98K | — |
Basis: circulating supply
Mint / burn (period total)
Net +S$1M
0x6de8f5…fcd2c5)Administrative events — No administrative events (freeze / pause / role change) in this period.
On Polygon the top-10 address share rose from 67.4% to 73.6% (+6.2pt) between 2026-08-17 and 2026-08-24. Gini moved 0.794 → 0.822. Concentration tightened over the week.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
Change for the remaining 2 issuers
End-of-period composition
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Ethereum | €303.91M | €287.21M | −€16.7M | 64.4% (−1.2pt) |
| Solana | €105.02M | €105.02M | −€0.04 | 23.5% (+0.9pt) |
| Base | €49.55M | €49.41M | −€140.72K | 11.1% (+0.4pt) |
| Avalanche | €4.97M | €4.54M | −€427.86K | 1.0% (−0.1pt) |
| Total | €463.45M | €446.18M | −€17.27M | — |
Basis: circulating supply
Mint / burn (period total)
Net −€18.15M
0xb7312a…0be4a9)Administrative events — No administrative events (freeze / pause / role change) in this period.
On Base the top-10 address share rose from 44.5% to 46.2% (+1.7pt) between 2026-08-17 and 2026-08-24. Gini moved 0.632 → 0.642. Concentration tightened over the week.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
Change by chain
| Chain | Start | End | Change | Share (Δ) |
|---|---|---|---|---|
| Ethereum | $425.57M | $434.64M | +$9.07M | 100.0% (+0.0pt) |
| Total | $425.57M | $434.64M | +$9.07M | — |
Basis: circulating supply
Mint / burn (period total)
Net +$9.41M
0x3c1421…a5247e)Administrative events — No administrative events (freeze / pause / role change) in this period.
On Ethereum the top-10 address share fell from 84.5% to 80.3% (−4.1pt) between 2026-08-17 and 2026-08-24. Gini moved 0.877 → 0.868. Holdings spread out over the week.
*Basis: verified holder ledger, daily snapshots, and direct on-chain measurement.*
This week’s ledger shows mixed cross-chain positioning rather than a single market-wide pattern. JPYC shifted share from Kaia toward Polygon, while USDT.e and USDC moved in opposite directions across major networks despite both ending higher in total. EURC contracted, RLUSD and PYUSD expanded, and smaller issuers such as XSGD and USDG also posted net growth. Distribution metrics were similarly mixed: concentration tightened for USDT.e, EURC, RLUSD, and XSGD, while USDC, PYUSD, and USDG showed broader holder dispersion over the same observation window.
Source: public on-chain data (issuer contracts). This report is informational and is not investment advice.
This report is provided for information only and is not investment advice.
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