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Artemis has rebuilt the data pipeline behind its stablecoin metrics onto a single, standardized data model applied consistently across every chain we cover. Most metrics — including supply, active users, and net flows — are unchanged. One calculation changed: transfer volume, described below.

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Applies to

  • Artemis Terminal — the stablecoins dashboard.
  • REST API — GET /stablecoins/* and stablecoin metrics served through v2/data.
API field names are unchanged, so the same field can now return a different value.

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Transfer volume now reflects gross transfers

  • Now: stablecoin transfer volume is gross — every transfer, with only mints and burns excluded.
  • Previously: it reported an adjusted figure — deduplicated (only the largest transfer in a transaction counted), with intra-exchange transfers (e.g. an exchange moving funds between its own wallets) and MEV removed.
Mint = new units created; burn = units destroyed. These are issuance events, not economic transfers, so both measures exclude them.
What you’ll see: headline stablecoin volume is higher than before, because gross volume includes the exchange-internal and duplicate activity that the adjusted figure removed. This is expected, not a data error.
Artemis may reintroduce an adjusted transfer-volume measure in the future.
The Snowflake Data Share (art_share.* tables, documented under Snowflake Share → Stablecoins) is a separate delivery surface, updated on its own schedule. This change describes the Terminal and API.

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Questions

For any questions about stablecoin metrics, contact support@artemis.xyz.