Stablecoins

Overview

The institutional-grade stablecoin dataset for capital flow analysis, concentration risk, and transfer attribution.

Raw stablecoin transfer volume tells you nothing on its own — context is everything. This dataset matches every transfer to its onchain trigger across 9 activity categories and classifies every holder by venue type. 346 SQL models, 38 chains, Dune's proprietary classification layer.

Key Metrics

• Chains: 38
• Stablecoins: 223
• Token deployments: 585
• Total circulating supply: $315.3B

Stablecoin Circulating Supply by Currency

Who This Is For

Governmental Institutions

Monitor stablecoin adoption and market stability for policy decisions.

Financial Institutions

Analyze stablecoin flows and integration into traditional finance.

Payment Providers

Track stablecoin usage patterns and cross-border flows.

Stablecoin Issuers

Monitor supply distribution and competitive positioning.

Analysts & Economists

Research adoption trends, DeFi flows, and market impact.

Regulators & Policymakers

Access comprehensive data for informed regulatory decisions.

What You Can Build

Investment Research

Size the market, track share by chain, and spot adoption breakouts.

Issuer and Treasury Monitoring

Track float, mint and burn flows, and where balances actually sit.

Counterparty and Concentration Risk

Quantify exposure to CEXs, bridges, and lending in a single SQL query.

Flow Analysis

Separate DEX, CEX, bridge, and P2P flows from raw transfer noise.

Advanced Labelling

Real names like Binance, Coinbase, and Aave, as well as categories such as exchange or lending protocol. Track specific institutions, understand who's behind every move.

Frequently Asked Questions

What labels does the dataset include, and how do they stay current?

Address-level labels bucket every address into one of 11 economic-function categories, while activity-level labels classify transfers into one of 9 categories using deterministic precedence.

Can customers define their own volume methodology and apply it across multiple stablecoins?

Yes, the dataset is intentionally unopinionated on adjusted volume, allowing customers to define what counts as “real” volume.

How does Dune's stablecoin dataset compare to competitors?

Dune offers transfer-level activity classification across 9 categories and chain breadth with full data on ~38 chains, whereas competitors have fewer capabilities.

Where Stablecoin Capital Is Parked

Stablecoin circulating supply shows where stablecoins actually live across the onchain economy, excluding bridge-locked or issuer-escrowed balances.

How Stablecoins Move Onchain

Stablecoin activity traces how value moves through the onchain system. Raw transfer volume without context can lead to misunderstandings.

Coverage

• 585 tokens.
• 38 chains.
• 223 stablecoins.

Get Access

Stablecoin analysis boils down to two questions: where is capital sitting right now, and how did it get there? Enriched tables add classification layers, requiring an enterprise plan for full access.