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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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Artemis-filtered and P2P metric flavors are being sunset

Alongside the base metric, Artemis historically published two filtered flavors of stablecoin transfer volume and daily transactions:
  • Artemis-filtered (ARTEMIS_STABLECOIN_TRANSFER_VOLUME, ARTEMIS_STABLECOIN_DAILY_TXNS) — the adjusted view described above: deduplicated, with intra-exchange transfers and MEV removed.
  • P2P (P2P_STABLECOIN_TRANSFER_VOLUME, P2P_STABLECOIN_DAILY_TXNS) — wallet-to-wallet (EOA-to-EOA) activity only.
These filtered flavors are no longer supported and are being sunset. They are no longer actively maintained, and the fields and their API Reference endpoints are being removed. Migrate to the base unfiltered metrics:
  • STABLECOIN_TRANSFER_VOLUME (now gross — see above)
  • STABLECOIN_DAILY_TXNS
If your dashboards, queries, or API integrations reference the ARTEMIS_* or P2P_* stablecoin fields, migrate to the base STABLECOIN_TRANSFER_VOLUME / STABLECOIN_DAILY_TXNS metrics. Contact support@artemis.xyz with any questions.

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Questions

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