Stablecoins
Get macro metrics to granular transaction details of Stablecoin movements on chain.
Our crosschain.stablecoin schemas allow users to investigate onchain stablecoin activity across multiple blockchains.
The stablecoin vertical supports currencies aside from usd (e.g. cny, jpy, try, eur, cad, etc.)
Table of main stablecoins (inclusive of other currencies) and their respective contract addresses across various chains.
Transfers of all stablecoins indexed by Allium. Includes all stablecoins on crosschain.stablecoin.list
Pre-built metrics for stablecoin transfer activity (e.g. volume & transaction counts), aggregated by day, chain and token address. Includes adjusted activity metrics.
Chain Coverage
We are currently working on expanding stablecoin coverage for more chains and add on a case by case basis. Please reach out to us if you have any questions or would like to request coverage for a specific chain.
Stablecoins List
The stablecoin list includes a list of curated stablecoins with various denominations. This list is used to identify the list of stablecoins to be included in the crosschain.stablecoin.transfers table.
Unique Key: chain, address
currency
The ISO currency code (e.g. usd, eur, jpy, xau (gold)) of the stablecoin, in lower case.
base_asset
The underlying stablecoin for stablecoins that are issued by third parties, such as bridges, or defi-protocols.
address
The contract address of the stablecoin. The contract address for a stablecoin is unique on the blockchain.
symbol
Symbol of the token, in lower case by default.
name
Name of the token.
decimals
Decimals of the token, used for normalization. This field is optional and may be null.
chain
Blockchain of the where the stablecoin is based, in lower case.
is_bridge
When TRUE, this means that the stablecoin is bridged.
Stablecoins can be broadly classified into their underlying peg mechanism.
They can be fiat-backed, commodity-backed, algorithmic, crypto-backed (DAI), or a hybrid of many.
For fiat-backed stablecoins, there is often a regulated entity involved in the issuance and management of the stablecoin ensuring its stability and value. These entity-issued stablecoins are said to be "native".
Using USDC as an example, there are multiple variants of USDC:
A bridged stablecoin refers to a stablecoin that is issued by a third-party application (e.g. Wormhole, Axelar, etc.) issued by locking a native stablecoin in a smart contract on one blockchain to mint a bridged stablecoin on another blockchain.
The base_asset field in the stablecoin list aims to capture the underlying stablecoin of a token. For example, Axelar USDC, Aave USDC, and Bridged USDC.e on Avalanche will all be labelled as usdc its base_asset.
Stablecoin Transfers
The stablecoin transfers table contains all on-chain transfers of stablecoins found in the stablecoin list. This table allows users to aggregate stablecoin activity across multiple chains while also fetching granular transfer details.
A short primer on Allium's transfer schema and how it maps to the on-chain data can be found here:
Sample Query
Overview of transfer volume of usd stablecoins on blockchains indexed by Allium in the last 6 months.
Table Columns
Blockchains Supported: ethereum, bsc, optimism, polygon, base, avalanche, solana, arbitrum, scroll, celo, blast, tron, ton^, polygon_zkevm
^ ton transfers are currently in beta.
chain
Blockchain of the transfer.
ethereum
token_type
Token Standard. (E.g. erc20, trc20, spl)
erc20
from_address
Address where the token is being transferred from. *Sender address (not token account) for Solana.
0x8ebad4aa179cb14c8939ef8d3785859a7cf45673
to_address
Address where the token is being transferred to. *Recipient address (not token account) for Solana.
0x61da7961439f671ddc02b18ce0575cc585c3dcd9
token_address
Token address of the asset transferred. *Token mint for Solana.
0xdac17f958d2ee523a2206206994597c13d831ec7
token_name
Name of the asset transferred.
Tether USD
token_symbol
Symbol of the asset transferred.
USDT
raw_amount
Amount of tokens moved (unnormalized).
1993200000
amount
Amount of token moved, normalized.
1993.2
usd_amount
USD value of the amount of tokens transferred.
1995.1932
transaction_from_address
The address of the sending party of this transaction. *Signer address for Solana.
0x8ebad4aa179cb14c8939ef8d3785859a7cf45673
transaction_to_address
The address of the receiving party of this transaction (could be a contract address). *Null for Solana
0x4f391c202a906eed9e2b63fdd387f28e952782e2
transaction_hash
Transaction hash that this transfer belongs to.
0xeb63929f60bf8a6013fcdbe6af3a6687652ecbebb53f08da08f91f24d9980e19
block_timestamp
The time when the block that contains this transaction was included on the blockchain.
2020-05-04 04:34:53
block_number
The block number that the corresponding transaction of this transfer belongs to. *Block Height for Solana.
9997570
block_hash
The block hash that the corresponding transaction of this transfer belongs to.
0x31ba5abf842755faebb7dbdd2f7a6d3d017351807b735c8eb19f4002ff9c2a5c
unique_id
Unique id generated for each transfer.
txn-0xeb63929f60bf8a6013fcdbe6af3a6687652ecbebb53f08da08f91f24d9980e19_log_index-89
currency
The ISO currency code (e.g. usd, eur, jpy, xau (gold)) of the stablecoin in lowercasing.
usd
base_asset
The base assets in symbol in lowercasing. (i.e. usdt, usdc, tusd, dai, etc).
usdt
is_bridge
When TRUE, this means that the stablecoin is a bridged entity from Wormhole and/or bridges based on their token names.
FALSE
For non-EVM compatible chains such as Solana, the underlying columns mapping for certain columns are annotated accordingly.
Stablecoin Metrics
The crosschain.metrics.stablecoin_volume table aggregates stablecoin activity from crosschain.stablecoin.transfers by day, chain and token address.
It includes adjusted activity metrics using the following methodologies:
Single Direction Max Transfer - only the largest stablecoin amount transferred within a single transaction is counted
Single Direction Net Transfer - the largest net stablecoin amount transferred per token, to a single address, for each transaction, is counted
Entity Adjusted, Single Direction Max Transfer - in addition, to applying the Single Direction Max Transfer logic, this methodology also uses labels & heuristics to remove bot related activity (e.g. if an address does more than 1,000 transactions and $10m in transfer volume in a rolling 30-day window), or intra-exchange volume (i.e. when transfers are made between two CEX/DEX addresses)
Table Columns
Unique Key: chain, activity_date, token_address
chain
The name of the blockchain
token_address
The address of the stablecoin
token_symbol
The token symbol of the stablecoin
currency
The ISO currency code (e.g. usd, eur, jpy, xau (gold)) of the stablecoin in lowercasing
base_asset
The base assets in symbol in lowercasing. (i.e. usdt, usdc, tusd, dai, etc)
activity_date
The date for which metrics are being calculated. Only includes completed days.
transfer_tx_count
The total number of transactions with stablecoin transfers.
transfer_count
The total number of stablecoin transfers.
avg_transfer_count
The average number of stablecoin transfers
transfer_volume
The total volume of stablecoin transfers (normalized)
transfer_volume_usd
The total volume of stablecoin transfers in USD terms
avg_transfer_volume
The average volume of stablecoin transfers (normalized)
avg_transfer_volume_usd
The average volume of stablecoin transfers in USD terms
transfer_volume_is_anomaly
A boolean flag that's set to true where the transfer_volume is excessively high for a given day, i.e. >1e18
Sample Queries
1) Get the monthly stablecoin transfer metrics for all USD currencies in the last 24 months, excluding anomalies and using the Entity Adjusted, Single Direction Max Transfer methodology
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