Stablecoins Flip ETH Volume, DeFi the Primary Motor

Stablecoins on Ethereum had a cumulative transfer volume greater than its native ETH in 2019. This point indicates larger trends at play that could change the broader crypto landscape. 

Data from Messari Research suggests ETH’s trailing 12 month transfer volume fell from approximately $430 billion to $150 billion over the course of 2019. 

At the same time, stablecoins also followed ETH’s downtrend until July 2019, when these assets began picking up steam. 

1/ Stablecoin transfer value has now flipped ETH on Ethereum