OCB Stablecoin Activity
Daily velocity, net flow, cross-chain composition, holder concentration, and agentic-share across every major dollar stablecoin OCB measures — read from onchain transfers, not self-reported.
Market cap shows how much stablecoin supply exists. It says nothing about what that supply is doing — where it flows, who holds it, how programmatically it moves, and which chains it is migrating to.
Stablecoin Activity v1.0
Attributed daily turnover, not raw throughput.
Attributed daily turnover — labeled-economic transfer volume as a percent of outstanding supply — across the stablecoin market this page measures, plus each asset’s own turnover on the same scale. Unlabeled onchain throughput is disclosed separately, never counted as velocity.
Collector stabilizing — figure held back
The velocity collector is still backfilling historical transfers, so the daily turnover would reflect the backfill ramp rather than settled activity. This figure is held back until the labeled-economic series reaches steady state.
Minted and redeemed, day by day.
Daily outstanding supply in USD on each asset's primary chain. The composite is the primary-chain total; toggle any asset to overlay its own line. (For the all-chain total, see Cross-Chain Composition below.)
Primary-chain supply
$304.29B
Assets covered
38
Stablecoin Activity v1.0
Supply + Net Flow — outstanding supply
Daily outstanding supply in USD across the stablecoin market this page measures. The composite is the total supply trajectory; each selected asset overlays as its own line. Composite.
Where supply lives.
Total onchain supply in USD, summed across every chain each asset is deployed on. The composite is the whole market; toggle any asset to overlay its own line. When a stablecoin migrates between chains, its freeze-risk profile, fee economics, and counterparty surface change completely — with market cap unchanged.
All-chain total supply
$304.29B
Assets covered
38
Stablecoin Activity v1.0
Cross-Chain Composition — total supply
Total onchain supply in USD, summed across every chain each asset is deployed on. The composite is the whole market; each selected asset overlays as its own line. Composite.
Who holds the supply.
Share of each asset's holder base held by its ten largest addresses, post-exclusion. The composite is the market average; each selected asset overlays its own line. Higher = more concentrated.
Market average top-10 share
75.3%
Assets covered
38
Stablecoin Activity v1.0
Holder Concentration — top-10 share
Share of each asset's holders held by its ten largest addresses, post-exclusion, daily. The composite is the market average; each selected asset overlays as its own line. Higher = more concentrated. Composite.
The shift from human to programmatic transfers.
Weighted composite of five observable proxies for programmatic origination: sub-dollar transfer share (25%), sub-second interval share (20%), non-round amount share (15%), off-hours share (15%), and contract-counterparty share (25%). Scored 0–100 daily. The composite is the market average; toggle any asset to overlay its own score.
Market average score
32.4
Assets covered
36
Stablecoin Activity v1.0
Agentic-Share — programmatic-origination score
Weighted composite of five proxies for programmatic origination, scored 0–100 daily. The composite is the market average; each selected asset overlays as its own line. Composite.
The audit log behind every figure.
Methodology version markers, integrity events, freezes, depegs, reserve shifts, and attestation publications appear here and as vertical markers on every figure for USDC.
Scope: USDC + market-wide · Window: 365d
No data yet
No annotated events recorded for this instrument or market-wide in the last 365 days. The events table is populated by editorial entries and methodology-version markers.
Every instrument and chain behind these figures.
Per (instrument, chain): collector status, classification coverage of the labeled-volume portion, last onchain activity, last reserve attestation, and last published score.
“Collecting” means the leg was read on the latest daily pass — the freshness signal, always achievable. “Last active” is its most recent onchain transfer day. A quiet leg (a stale “Last active” behind a live collector) is current-but-idle, not a gap: healthy stablecoins have no-issuance days and institutional tokens trade in bursts.
| Instrument | Chain | Collecting | Last active | Classification coverage | Last attestation | Last score |
|---|---|---|---|---|---|---|
| BRLA | Polygon | collecting | Sep 8, 2026 | 0.0% | — |