Independent · Lisbon · starting with BNB Chain
Instruments
before voyages.
We publish the research before we build the product. Every number on this site is dated, sourced, and ships with the query that produced it.
BNB Chain, measured
snapshot 2026-09-07 · Dune Analytics
USDT unique senders · 7d
7.36M
BNB Chain, canonical BSC-USD
vs Tron + Base combined
4.69M
USDT on Tron + USDC on Base
DEX traders · 30d
4.04M
BNB Chain, unique tx_from
DEX volume · 30d
$91.2B
BNB Chain, dex.trades
Transfers measure movement, not payments. Which of these are people paying people is the next measurement — see Research.
Stablecoins · canonical contracts only
Where the stablecoins actually move
| Chain | Token | Transfers · 7d | Unique senders · 7d |
|---|---|---|---|
| BNB Chain | USDT (BSC-USD) | 129,651,495 | 7,361,729 |
| BNB Chain | USDC | 24,047,218 | 936,203 |
| Base | USDC | 29,016,453 | 1,061,072 |
| Tron | USDT | 18,182,233 | 3,625,812 |
| Ethereum | USDT | 6,142,758 | 1,421,364 |
01
Measure first
Before deciding what to build, we measure where attention and money are going — on-chain, on the socials, across chains.
02
Verify at the source
Nothing is published on the word of an aggregator or a model. Every figure is checked against the primary source, and the check is part of the work.
03
Publish, then build
The research goes out first, with its SQL. Tools come after, built where the data says something is missing — one at a time.
Research
Latest
2026-09-09
BNB Chain's activity has a new layer: measuring automation and adoption
27.2% of 131.97M canonical USDT transfers went wallet to wallet, while 48.6% moved contract to contract. A behavioural view of how direct users, automation and programmable settlement contribute to BNB Chain activity.
2026-09-10
Reading the market around a tokenised asset
Tokenised Tesla shows a 56% spread across all its tokens and 0.06% across the ones with a market behind them. Measured across the top real-world assets on CoinMarketCap's RWA endpoints, with the dated receipt and a no-key way to recheck every figure — plus the field where one token is excluded from an asset's average price and counted in its volume.
2026-09-07
Where the stablecoins actually move: a 7-day snapshot by chain
BNB Chain's canonical USDT contract saw 7.36M unique senders in seven days — more than Tron and Base combined. Measured on Dune, with the SQL included and the 28,586 impostor tickers excluded.