Artemis: Stablecoin payments account for approximately 47% of total Ethereum transaction volume.

Artemis released a report stating that, based on Ethereum on-chain data from 2024-2025, stablecoins have become one of the core infrastructures for payments. The report shows that stablecoin payments account for approximately 47% of Ethereum's total transaction volume (approximately 35% excluding intra-institutional transfers), with P2P transfers accounting for 67% of the number of transactions but only 24% of the transaction volume. Large transactions primarily originate from institutional and enterprise scenarios. Furthermore, transactions are highly concentrated, with the top 1000 addresses contributing approximately 84% of the transaction volume. Artemis believes that the real-world demand for stablecoin payments continues to rise, but the structure is characterized by "institutionalization and B2B dominance."