Visa 分析稳定币交易量

稳定币市场正在显着增长，过去 30 天的交易量超过 1 万亿美元。这一激增是由 Chainlink 等平台推动的，该平台通过与 PayPal 和 Aave 等主要参与者的整合，加速了稳定币的采用。

The stablecoin market is booming, with over $1 trillion in transactions recorded in the past 30 days. This surge is being driven by platforms such as Chainlink, which is accelerating stablecoin adoption through integrations with major players like PayPal and Aave.

稳定币市场正在蓬勃发展，过去 30 天内的交易额超过 1 万亿美元。这一激增是由 Chainlink 等平台推动的，该平台通过与 PayPal 和 Aave 等主要参与者的整合，加速了稳定币的采用。

As Visa’s dashboard shows, stablecoin supply continues to grow, with $1T+ in transaction volume over the past 30 days.

正如 Visa 的仪表板所示，稳定币供应持续增长，过去 30 天的交易量超过 1T 美元。

Powering @PayPal’s PYUSD with @Paxos, @Aave’s GHO, & now @weniaoficial’s COPW among many others, the #Chainlink platform is accelerating stablecoin adoption

#Chainlink 平台通过 @Paxos、@Aave 的 GHO 以及现在 @weniaoficial 的 COPW 等为 @PayPal 的 PYUSD 提供支持，正在加速稳定币的采用

According to Visa’s analysis, $2.65 trillion in stablecoin transfers occurred over the last 30 days, but only $265 billion was deemed ‘organic,’ meaning that most transactions may not be tied to real-world commerce. A similar trend was seen in April 2024 when, of the total $2.2 trillion in transactions, only $149 billion was classified as organic.

根据 Visa 的分析，过去 30 天内发生了 2.65 万亿美元的稳定币转账，但只有 2650 亿美元被视为“自然”交易，这意味着大多数交易可能与现实世界的商业无关。 2024 年 4 月也出现了类似的趋势，当时在 2.2 万亿美元的交易总额中，只有 1,490 亿美元被归类为有机交易。

However, this analysis may be flawed, as stablecoin transactions can be counted twice depending on the platforms. For instance, swapping $100 worth of USDC for PYUSD on Uniswap increases the on-chain stablecoin volume by $200. This can result in double counting and, in turn, unjust representation of the transaction volumes.

然而，这种分析可能存在缺陷，因为根据平台的不同，稳定币交易可能会被计算两次。例如，在 Uniswap 上将价值 100 美元的 USDC 兑换为 PYUSD 会使链上稳定币交易量增加 200 美元。这可能会导致重复计算，进而导致交易量的不公正表示。

Moreover, automated programs that are used for stablecoin arbitrage, liquidity provisioning, and market making also boost transaction volumes. While these programs are important for the DeFi ecosystem, they are not the same as conventional settlement operations.

此外，用于稳定币套利、流动性供应和做市的自动化程序也增加了交易量。虽然这些程序对于 DeFi 生态系统很重要，但它们与传统的结算操作不同。

In response, Visa has collaborated with Allium Labs to come up with an amended stablecoin transaction metric. This new metric is intended to address the issues stemming from inorganic activities and artificial extension.

作为回应，Visa 与 Allium Labs 合作提出了修订后的稳定币交易指标。这一新指标旨在解决无机活动和人工延伸引起的问题。

Allium Labs, a blockchain data company that works with Visa, Stripe, and Uniswap Foundation, has played a significant role in this. The startup recently closed its Series A funding round at $16.5 million, taking the total amount of funding it has received to $21.5 million. This funding will allow the enhancement of the blockchain data metrics to more precise values.

Allium Labs 是一家与 Visa、Stripe 和 Uniswap 基金会合作的区块链数据公司，在这方面发挥了重要作用。该初创公司最近完成了 1650 万美元的 A 轮融资，使其收到的资金总额达到 2150 万美元。这笔资金将使区块链数据指标增强到更精确的值。

The monthly active stablecoin users in Allium and Visa show an upward trend even if there are differences between the total transfer volume and bot-adjusted transfer volume. The total active users across all blockchain networks stood at 27.5 million monthly, revealing an upward trend.

即使总转账量和机器人调整的转账量之间存在差异，Allium 和 Visa 的每月活跃稳定币用户仍呈现上升趋势。所有区块链网络的月活跃用户总数为 2750 万，呈上升趋势。

This growth can also be attributed to the integration of stablecoins in various platforms. Some of the projects that Chainlink has supported include PYUSD for PayPal and GHO for Aave, which has helped in increasing adoption.

这种增长也可以归因于稳定币在各个平台的整合。 Chainlink 支持的一些项目包括 PayPal 的 PYUSD 和 Aave 的 GHO，这有助于提高采用率。