$94.2B in USDT on Tron. Only $137M in DeFi pools.
$DIA 's October 20 snapshot highlights an interesting gap.
But the remaining supply shouldn't automatically be labelled idle.
USDT can serve several purposes beyond DeFi:
Exchange settlements
Cross-border transfers
Payments
Savings and personal holdings
DeFi TVL captures only one part of stablecoin activity.
To understand the bigger picture, we need transaction flows, exchange balances, payment data and holder behaviour.
Supply tells us where stablecoins exist. Usage data tells us what they do.
Which dataset would you check next?
$DIA 's October 20 snapshot highlights an interesting gap.
But the remaining supply shouldn't automatically be labelled idle.
USDT can serve several purposes beyond DeFi:
Exchange settlements
Cross-border transfers
Payments
Savings and personal holdings
DeFi TVL captures only one part of stablecoin activity.
To understand the bigger picture, we need transaction flows, exchange balances, payment data and holder behaviour.
Supply tells us where stablecoins exist. Usage data tells us what they do.
Which dataset would you check next?
