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$760 million, 245% growth, EOA’s genuine economic activity is cleanly filtered out, with EURC leading but CNGN/BRLV/IDRX collectively emerging—what does this indicate? On-chain foreign exchange demand in emerging markets is truly taking off with real money.
This statistic excludes exchange-related traffic, minting and burning activities, and smart contract interactions, mainly reflecting actual economic activity between EOAs.
Among them, EURC remains dominant, while native stablecoins like CNGN, BRLV, and IDRX have transfer volumes of $25 million, $22 million, and $17 million respectively, indicating a continued growth in on-chain foreign exchange settlement demand.