Ethereum has significantly strengthened its position in the stablecoin market in 2024, adding $55.9 billion to its stablecoin supply. This increase has allowed Ethereum to capture over 62% of the stablecoin market cap, surpassing competitors such as Tron, Solana, and BNB Chain. Additionally, tokenized gold on the Ethereum network has reached a total value of $4 billion. Despite these developments, Ethereum's price remains stable as ETF-related selling pressure diminishes.