Definition. The share of transactions on the Ethereum network that are stablecoin transactions. Stablecoins are fungible tokens whose value is pegged to an off-chain asset, either by the issuer or by an algorithm. Stablecoins Transactions (Absolute) is the absolute counterpart.

Technical. 150+ stablecoins are included in this category, with USDT, USDC, UST, BUSD, and DAI being the most prominent ones. Only top-level transactions sent directly to a stablecoin contract are counted, so stablecoin transfers routed through other contracts (e.g. DEXs or routers) are missed. Failed transactions are included.