ETH: Retail-Sized Stablecoin Transfers (Under $250)
Included with Plus.
The number of stablecoin transfers on Ethereum of $1 to $250 per period: the size of everyday payments.
Why use it. Retail-sized transfers show stablecoins used as money by people rather than moved by institutions, and grow when fees are low and more wallets hold dollars on chain. How to read it. A rising line is more small payments. Dust below $1 is left out, so address-poisoning spam does not inflate it.
Calculation. Each hour, the count of counted transfers whose dollar amount is at least $1 and under $250, over every tracked dollar stablecoin. A transfer counts when it moves more than zero tokens between two different addresses, neither of them the zero address: mints and burns change the supply and are not payments. Transfers are counted as the token contracts log them, not netted: a payment routed through a contract shows as two transfers. Computed by CryptoKeyhole from its own Ethereum archive node: every Transfer event of the tracked US-dollar stablecoins (USDT, USDC, USDS, USDe, DAI, crvUSD, PYUSD, USDf, USD1, RLUSD, GHO, USD0, USDtb, FDUSD and the smaller or wound-down BUSD, TUSD, USDP, GUSD, FRAX, FEI, LUSD, HUSD and MIM) in the blocks of each completed UTC hour, the same blocks as the stablecoin flow charts, each token at face value (one token as one US dollar). History from 16 October 2026, 00:00 UTC; hours are added as their blocks become final, and the latest day is a partial. Ethereum only.