Investor Presentaiton

...but they dominate on-chain transaction volume 100% 90% 80% 70% 60% 50% 40% 30% 20% Relative on-chain transaction value, USD terms ETH Other L1s BTC Stables Data sampled: Native tokens: BTC, ETH, LTC, XRP, TRX, Matic, Avax, BSC, SOL, ARB USDT (ETH, Tron, Omni, BSC, Avax, Matic, Arb) USDC (ETH, Tron, BSC) DAI (ETH, BSC, Matic, Avax) TUSD (ETH, Tron) BUSD (ETH, BSC) FRAX, USDP, USDD, GUSD 10% Data courtesy of Coin Metrics & Allium 0% 2015 2016 2017 2018 2019 2020 2021 2022 BTC ETH Other L1s Stables 2023 PRESENT - Stables are the killer app

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