ethwatch ← Methodology

Network methodology

Throughput, DeFi TVL and stablecoin float.

0 of 2 entries carry independent evidence · Current values: /llms-full.txt

Stablecoin float (USD)

on-chain
Source
Sum of totalSupply() across the major issuers via Multicall3
Endpoint or contract
—
Derivation
Valued at a $1 peg.

Evidence

Not independently verified

Caveats

  • This measures stablecoins ISSUED on Ethereum L1. It is not the same as circulating on L1: some of that supply is locked in canonical bridges backing L2 supply.

DeFi TVL (USD)

api
Source
DefiLlama historicalChainTvl/Ethereum
Endpoint or contract
https://api.llama.fi/v2/historicalChainTvl/Ethereum
Derivation
Latest point.

Evidence

Not independently verified

Caveats

  • No feasible single on-chain equivalent exists; this is an aggregator's number and is labelled as one.