Stablecoins on Plasma
USDNative USD stablecoin supply on Plasma at the latest day-end block, USDT0 included.
Dashboard · VantagePlanned
Stablechain Tracker: Plasma, Tempo, Arc and Stable
How much stablecoin supply and payment activity do Plasma, Tempo, Arc and Stable have?
Stablecoin supply, transfers, senders and fees on Plasma, Tempo, Arc and Stable, the chains built for stablecoin payments, measured alike.
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Blueprint
What the dashboard will show.
The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.
Supply
Stablecoin supply on each stablechain, side by side.
Stablecoins on Tempo
USDUSD stablecoin supply in TIP-20 tokens on Tempo at the latest day-end block.
Stablecoins on Arc
USDUSD stablecoin supply on Arc at the latest day-end block, USDC included.
Stablecoins on Stable
USDUSD stablecoin supply on Stable at the latest day-end block, USDT0 included.
Supply by chain over time
USDStablecoin supply on each of the four chains at each day-end block, stacked, from each chain's launch.
Usage
Transfers, senders and fees on each chain.
Transfers, latest day
countStablecoin transfers on the four chains on the latest complete day, split by chain.
Senders, latest day
countDistinct addresses that sent a stablecoin on each chain on the latest complete day.
Fee-free transfer share
%The share of stablecoin transfers whose fee was sponsored or zero, per chain, on the latest complete day.
Median fee per transfer
USDThe median fee paid per stablecoin transfer on each chain on the latest complete day, in the token paid.
Transfers and senders by day
countDaily stablecoin transfers and distinct senders on each chain over the selected period.
- Chain
- Plasma, Tempo, Arc, Stable or all four
- Period
- Last 30 days, quarter or year
About
What it answers, and for whom.
Stablechains are blockchains built around stablecoins: fees are paid in a stablecoin or waived for simple transfers, and the chain is tuned for payments rather than trading. This tracker measures whether Plasma, Tempo, Arc and Stable are being used, with the same four measures on each: stablecoin supply, transfers, distinct senders and the fees users paid.
Each chain makes different design choices. Plasma sponsors the fees of simple USDT0 transfers through a protocol paymaster, Tempo lets users pay fees in a choice of stablecoins, Arc uses USDC as its gas token and Stable pays gas in USDT. The tracker records those choices beside the figures, because a free transfer and a paid one are not the same activity.
Supply is read from the token contracts at each day's last block, and activity from the chains' own blocks and transfer events, so every figure can be checked against the chain it came from.
Method
How it will be measured.
Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.
How receipts work →- Stablecoin supply is totalSupply() of each stablecoin on each chain at the last block of the UTC day, such as USDT0 on Plasma and Stable and USDC on Arc; Tempo's TIP-20 stablecoins are read the same way.
- Transfers and distinct senders are counted from Transfer events per day, with legs into and out of bridges and exchanges labelled so payment-like flows can be told apart.
- Fees are each transaction's fee in the token it was paid in; transfers whose fee a paymaster sponsored count as fee-free and are shown as their own share.
- The four chains are measured with the same definitions, and each chain joins the charts from its mainnet launch.
The data it needs
Read from chain state and history
- stablecoin_supply_dailyPublishedStablecoin supply by token and chainNative supply of each USD and EUR stablecoin on each covered chain at the chain's last block of each day, from totalSupply() reads, with bridged copies kept apart.
- stablecoin_flows_dailyTo buildStablecoin mints, burns and transfersStablecoin mints, burns, transfer volume and active addresses per stablecoin and chain per day.
- chain_activity_dailyTo buildChain activity by dayTransactions, active sending addresses, new addresses, contracts created and gas used on each chain per day, counted from blocks and transactions.
- chain_fees_dailyTo buildFees and gas by chainFees paid per chain per day in the native token: base fee and priority fee percentiles, total fees, and the share burned where the chain burns fees.
- payments_volume_dailyTo buildPayments on-chainStablecoin payment flows that look like payments rather than trading: merchant and payroll transfers, card settlements and remittance corridors, per chain and day.
- Plasma: USDT0 totalSupply() at daily blocks, Transfer logs and transfers sponsored by the protocol paymaster
- Tempo: TIP-20 stablecoin totalSupply and Transfer events, and the fee token and fee amount of each transaction
- Arc: USDC supply and Transfer logs, and gas fees paid in USDC per day
- Stable: USDT0 totalSupply and Transfer logs, and gas fees paid in USDT
- Daily transactions and distinct senders per chain from each chain's blocks
Questions
Questions people ask.
What is a stablechain?
A blockchain designed around stablecoins, usually with fees paid in a stablecoin or sponsored for simple transfers, fast finality and features aimed at payments. Plasma, Tempo, Arc and Stable are examples.
How do Plasma, Tempo, Arc and Stable differ?
Mainly in who backs them and how fees work. Plasma centers on USDT0 and sponsors simple transfers; Stable, also built around USDT, pays gas in it; Arc, from Circle, pays gas in USDC; Tempo, incubated by Stripe and Paradigm, accepts fees in several stablecoins.
Are fee-free transfers counted as activity?
Yes, and they are shown as their own share. A transfer whose fee a paymaster sponsors is still a transfer between two addresses, but it costs the sender nothing, which can invite activity that a paid chain would not see.
How does stablechain activity compare with Tron or Ethereum?
The payments apps measure general-purpose chains with the same definitions, so the stablechains' supply and transfers can be set beside USDT on Tron and stablecoins on Ethereum without mixing methods.
- Stablechain
- A blockchain built around stablecoins, typically with stablecoin-denominated or sponsored fees.
- Paymaster
- A contract or protocol account that pays a transaction's fee on the sender's behalf.
- USDT0
- The omnichain form of USDT, moved between chains through LayerZero by locking USDT on Ethereum and minting it elsewhere.
- TIP-20
- Tempo's token standard for stablecoins, compatible with ERC-20 and built into the chain itself.
Related
More apps like this.
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How many stablecoin transfers are payment-sized, from retail to business amounts, on each chain, with trading and exchange flows set apart.
Multi-chainEthereumTron+5USDT Transfer Fees by Chain
What it costs to send USDT or USDC on each chain right now, in the native token and in dollars, measured from real transfers.
Multi-chainEthereumTron+5Stablecoin Market Cap and Total Supply
Total stablecoin supply across chains, day by day, with its distance from the all-time high and the coins and chains behind it.
Multi-chainEthereumTron+4USDT on Tron: Supply and Daily Transfers
How much USDT lives on Tron and how much of it moves each day: supply, issuance, transfers, sending accounts and transfer sizes.
TronPolygon Stablecoin Payments: Volume, Senders and Sizes
Stablecoin payments on Polygon PoS: USDC and USDT transfer volume, counts and senders, with the share moving in payment-sized amounts.
PolygonStablecoin Contract Addresses: USDT, USDC and More by Chain
The official contract of every tracked stablecoin on each chain, with issuer, decimals, native or bridged status, admin powers and supply.
EthereumBaseArbitrum+6Build Stablechain Tracker: Plasma, Tempo, Arc and Stable on verified data.
Start free in Voltfin Studio: boards, tables and reports where every number opens its receipt. Tell us which data you need first and we will build it next.