Here's a chart showing the growth of stablecoins across different chains. Tron still contributes the most to the overall increase in stablecoins. Previously, Hyperliquid directly accounted for 50% of Arbitrum's stablecoins, but after Hyperliquid moved away, Arbitrum's stablecoins were cut in half. Stablecoins on various other public chains have also shrunk by half overall.