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Report: Institutional Activity Drives Ethereum Stablecoin Usage, Payments and DeFi Nearly 1:1

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A recent report from Artemis Analytics, citing Jinse, highlights Ethereum stablecoin usage driven by institutional activity. Stablecoin payments between external accounts (EOA-to-EOA) make up 47% of total transfers, with nearly half involving DeFi smart contracts. Large accounts dominate the value, with the top 1,000 wallets accounting for 84% of transaction volume. This shows a high concentration of what is happening in the crypto space, as major players shape stablecoin flows.
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