21h ago
USDC is migrating.
Track USDC supply shifts in Excel with =ART(), the Excel plug in for crypto data.
22h ago
January 2025 saw a significant change in where USDC lives on-chain.
@solana’s portion increased from 9% to 17.5%, consistent with surging stablecoin settlement and app usage, while Ethereum’s share declined from 68.6% to 62.4%.
This spike coincided with the launch of Donald Trump's memecoin $TRUMP on January 17th, which briefly reached a FDV of over $80 billion, before retreating to $26 billion by month end.
While $TRUMP's initial hype has diminished, the effect it triggered may have altered the chain-level USDC distribution in a more persistent way - at least relative to the prior baseline.
Data: @artemis Sheets/Excel Plug-in
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