Annual volume of Bitcoin relative to other payment methods \ stacker news ~charts_and

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Annual volume of Bitcoin relative to other payment methods

851 sats \ 4 comments \ @k00b 15 Nov charts_and_numbers

Background on the chart is that Visa stole it from Starraiser.

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173 sats \ 2 replies \ @south_korea_ln 16 Nov

This seems to be how visa interprets this data:

Looking at the data, we’ve found three notable trends relating to the current state and potential of stablecoins:

Stablecoin supply is approaching all-time highs. Total demand for stablecoins has picked back up in 2024, with circulating supply approaching $150B.

Steady growth of monthly active stablecoin users. We are seeing growth in regular users of stablecoins, with 27.5M monthly active users across all chains.

Discrepancy between total transfer volume vs. bot-adjusted transfer volume. When we apply a simple heuristic that removes inorganic data, we see that transfer volume for the last 30 days can be adjusted from $2.65T to $265B

I did not check the methodology on how they calculate this last point, but i guess indeed, lots of it is wash trading.

14 sats \ 1 reply \ @bren 16 Nov

It is an interesting chart to get a general sense of the growth, even if we don't have all the details of the methodology.

3 sats \ 0 replies \ @south_korea_ln 16 Nov

Yeah, and by design, off chain transfers cannot be tracked...

18 sats \ 0 replies \ @flat24 16 Nov

VISA is shaking as he drives and looks in the rearview mirror at #bitcoin ⚡🍊 chasing him closely.