Citing Jinse, Artemis Analytics released a report analyzing the real-world usage of stablecoins on the Ethereum network. The study found that stablecoin payments between external accounts (EOA-to-EOA) account for about 47% of total stablecoin transfers, with half of the transactions involving DeFi smart contracts. Institutional or large accounts dominate the value of these payments, and the top 1,000 wallets contribute to 84% of the total transaction volume, indicating a high concentration of stablecoin activity among major players.
Report: Institutional Activity Drives Ethereum Stablecoin Usage, Payments and DeFi Nearly 1:1
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Summary
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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