Attribution Coverage

Attributed Flow (YTD)

measured stablecoin volume, big-8 chains

Country Grain

resolved to specific countries

Region Grain

resolved to APAC / Americas / EMEA only

Country-Grain Share

of measured volume resolved to countries

Attributed Flows by Month

Measured stablecoin volume on the big-8 chains (ethereum · tron · solana · bsc · base · arbitrum · polygon · avalanche). Country grain = exact + exchange country fan; region grain = top-5 global exchange legs. Structurally dark volume is excluded. Latest month is partial.

How Flows Get a Geography

Every transfer's two legs are resolved independently: unhosted wallets through country attribution (high-confidence only), exchange legs fanned across the exchange's user geography (weights blend web traffic with on-chain deposits, calibrated on exchanges with known home countries), DeFi and infrastructure legs marked structurally not-attributable. This tab shows the measured universe on the big-8 chains — exchange settlement, DeFi/infra churn, and mint/burn volume is graded and excluded.

ExactBoth wallets attributed to a country at high confidence — the strongest corridor claim
Country fanOne leg is an exchange, distributed across its user geography at country grain
Region grainOne leg is a top-5 global exchange — geography credible at APAC / Americas / EMEA grain only
One-sidedOne geographic end, one dark end — powers country in/out totals
ExcludedExchange↔exchange settlement, DeFi/infra legs, mint/burn — structurally dark, excluded from every number on this tab

Attributed Flow by Chain

Last 30 days, big-8 chains, measured volume only. Country-grain share differences are chain character — retail-heavy chains resolve to countries far more often.

Where Every Dollar Goes

YTD, big-8 chains — the one view on this tab that includes unmeasurable volume. First the split: what carries geographic signal vs what structurally can't. Then a zoom into the measured dollars and how they divide by leg type.

Corridor Flows

Top cross-border corridors on the big-8 chains, last 90 days — country-grain tiers only (exact + country fan). Sending countries on the left, receiving on the right.