A Grayscale Research report published on November 6, 2026, ranks Ethereum as the leading smart contract platform across several categories, including stablecoins, tokenized assets, applications, developers, and investment products. Ethereum reportedly hosts nearly $140 billion in stablecoins, accounting for about half of global supply, as well as some 40% of tokenized assets. The network has more than 2,000 applications on its mainnet and roughly 6,000 across its Layer 2 networks. U.S. investment products providing exposure to Ethereum reportedly hold more than $13 billion in assets, while Ethereum futures listed on CME have over $3 billion in open interest.
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